Thursday, November 12, 2009

Nice Work If You Can Get It

Peter Galbraith, son of the late economist John Kenneth Galbraith, could become a very rich man thanks to some Kurdish oil deals.

Interviews by The New York Times with more than a dozen current and former government and business officials in Norway, France, Iraq, the United States and elsewhere, along with legal records and other documents, reveal in considerable detail that he received rights to an enormous stake in at least one of Kurdistan’s oil fields in the spring of 2004.

As it turns out, Mr. Galbraith received the rights after he helped negotiate a potentially lucrative contract that allowed the Norwegian oil company DNO to drill for oil in the promising Dohuk region of Kurdistan, the interviews and documents show.

He says his actions were proper because he was at the time a private citizen deeply involved in Kurdish causes, both in business and policy.

When drillers struck oil in a rich new field called Tawke in December 2005, no one but a handful of government and business officials and members of Mr. Galbraith’s inner circle knew that the constitutional provisions he had pushed through only months earlier could enrich him so handsomely.

Who knew that being an unpaid advisor could be so lucrative?