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Seventy-five miles from Bina Bawi runs Iraq's biggest export route, the Kirkuk-to-Ceyhan pipeline.
FORBES: Magazine Article
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But Petoil needed a partner to shoulder some of the risk and put up the cash to drill Bina Bawi.
FORBES: Magazine Article
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After several months of negotiations Prime in 2004 decided to contribute several million dollars for 50% of Petoil's stake in Bina Bawi and several Iraqi oil prospects.
FORBES: Magazine Article