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Hunt Oil CEO denies ties aided Kurdish
deal
3.10.2007
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October
3, 2007
NEW YORK, -- Hunt Oil Co Chief Executive Ray
Hunt said his ties to the Bush family and the
Republican Party did not help his company cut a deal
last month to explore for oil in Iraq's Kurdistan
region, the Wall Street Journal reported on its Web
site on Wednesday, citing an interview with Hunt.
The government of the Kurdish region said last month
it had signed a gas and oil production sharing
contract with a unit of U.S.-based Hunt and Impulse
Energy Corp.
The agreement has been criticized by the Bush
administration and Iraqi officials as undermining
efforts to strengthen the country's central
government, according to the article. Some critics
also suggested Hunt was cashing in on his ties to
President Bush, the report said.
According to the Journal, Hunt said, contrary to the
State Department's assertion, the company received
no U.S. government advice before striking a deal.
"The fact is, as a matter of policy, we never have
and never will go to the government of the U.S. and
ask the government's advice on anything we do from a
business point of view," the Journal quoted Hunt as
saying.
Hunt said Kurdish oil executives turned to the
company because of its oil-development record in
Yemen, according to the article.
"It's another example where we're able to move
quickly when opportunity presents itself," Hunt told
the Journal.
Reuters
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