FINANCIAL WAR REPORT (FFR): Genel Energy, Rothschild, and the creation of ISIS
1. 2002 Genel commenced operations in the Kurdistan Region with the first ever PSC for Taq Taq field in Iraq.
2. 2002-2011. Genel operating in Kurdistan
3. 2011: Revenue sharing mechanism between the KRG (Kurdistan Regional Government) and Iraqi Government.
4. 2011: Merger of Genel Energy International Limited with Vallares PLC.Genel Energy plc listed on London Stock Exchange. Tony Hayward, former Chief of BP, who’s tenure ended due to the Deepwater Horizon spill, is the founder of the investment company Vallares. Vallares is backed by financier Nat Rothschild and banker Julian Metherell.
5. Genel Energy is registered in Jersey and has field offices in Turkey.
6. 2013 Kurdistan takes giant leap toward Independence:
https://www.wilsoncenter.org/sites/default/files/iraq_kurdistan_takes_giant_step_toward_independence.pdf
7. Early Spring of 2014: Iraq PM, Al-Maliki turns to Russia
8. Late Spring of 2014: ISIS appears in media
9. Fall of 2014: Iraq PM, Al-Maliki, forced to step down by Americans
10. 2014 Exports through the KRI-Turkey pipeline begin, growing to over 400,000 bopd by the end of the year.
11. 2015 Genel Energy Plc, comes out swinging with production costs as low as $1 per barrel
12. Genel Energy (Rothschild Company) Buying ISIS Oil
Tony Clarke, the Green Party’s foreign affairs spokesperson and a former Labour MP for Northampton South, had accused Genel Energy, a London-listed oil producer, of buying oil from the so-called Islamic State – allegations that the company vehemently denied.
Clarke told BBC Radio 5 yesterday morning: “There are British oil companies such as Genel Energy, run by Nathaniel Rothschild, one of George Osborne’s friends, who are making money, who are buying oil from ISIS, who are putting money into the pot, allowing ISIS therefore to fuel their evil across the world.”
Rothschild is a non-executive director at Genel Energy and one of the company’s biggest backers. Former BP chief executive Tony Hayward is Genel’s chairman, and Murat Ozgul is the company’s chief executive.
Rothschild attended Oxford University at the same time as chancellor George Osborne.
The BBC removed part of Clarke’s interview from its website yesterday. When asked about the decision, a BBC spokesperson told City A.M.: “We have edited this part of the programme on legal advice.”
Earlier in the day Clarke tweeted a link to an audio file of the interview. The tweet was later deleted.
AC