IRAQ OILFIELDS’

Nelson Evening Mail, Volume LXI, 16 January 1928, Page 5

IRAQ OILFIELDS’

FRANCE TO HAVE A DIRECT V, SHARE ;- (By Electric Telegraph—Copyright) . (A.P.A. and “Sun”) . ; PARIS, 14th Jan. " ] M. Briand announced tlie signing" shortly of a Franeo-American-British; agreement giving France a direct sharp ' l . l ’ in the working of Iraq oilfields on aa;;. . equal footing with British and Ameri-, can interests. ' . "I"’ * PARIS, 14th JaiiF’\;; “Le Matin” commenting on Briand's oil statement, Says that when 'J. the pipe line, which must be constructed;'; • between Mosul and the Mediterranean ’ „ on. the. Persian Gulf is completed, the;’ 1 ; economic situation' will he transformed. • M. Briand, when announcing’' the crjl agreement, was addressing the- Foreign‘ Affairs Committee of the Chamber. -Ho” ' said that ah oil gusher was recently struck near the village of Baba, Giier-“ gou, in Mosul, and produced 3600 metric;;;tons of petrol in three days. ' Experts ' ;’' estimate that it is capable of producing--3,600,000 tons per year, and as' ; is entitled to 23.75 per cent'.- of- all- ** Mosul oil, it is hoped, that- fhis-siifgle l " . well will furnish almost halfi nual French importations, 2,000,000 tons per year. .;. M. Briand added that in addition to; v this well, about one hundred other's wet-o"' drilled in Measul. vilayet, and : if; these ■; were good producers, the French Goternment or agents -might even hehohia;,* ? oil exporters. * 1 ’’ '