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JV Hopes to Become Iraq's Premier Producer

Iraqi consultants hired in Sonoran venture...

JV Hopes to Become Iraq's Premier Producer

Sonoran Energy has hired the first employee and consultant for its joint venture with its Iraqi oil and gas partners. Joining the partnership is one of the top geologists in Iraq, Said Hmoud Dhiab Al-Ani, stated a press release.

Hmoud, a petroleum geologist and most recently Resident Manager for RNGS-OPT Consortium for Overseas Petroleum Trading, will lead the joint venture's geological operations from its offices in Baghdad.

Also joining the joint venture as a consultant is Mahmoud Ahmed, who retired from the Iraqi Oil Ministry in 1997 to join the private sector as a consultant, and is currently president of Himrin Petroleum Services Bureau in Baghdad. Ahmed is a petroleum engineer with extensive connections in the oil and gas business in Iraq.

"They are the first two members of the team that intends to build the joint venture into Iraq's premier independent oil and gas company," Sonoran's President, Paul Bristol. "Sonoran Energy will own 49 percent of the joint venture with our Iraqi partners owning 51 percent." Sonoran Energy's primary objective is to build itself into a major oil and gas corporation concentrating mainly in Iraq but with a background of developing oil properties in North America.

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