Guns & Oil - ROB magazine profiles Canadian companies' efforts in Iraq's dangerous oil industry; and Albertans deal with the politics of the post-boom Heritage Fund

    Interview opportunities from the March Report on Business magazine

    TORONTO, Feb. 26 /CNW/ - Guns and arcane politics won't keep two
Calgary-based companies from tapping into the oil fields of post-Saddam Iraq.
Iraq has the world's fourth-largest proven oil reserves - after Saudi Arabia,
Canada and Iran - and Talisman Energy and WesternZagros have partnered with
the Kurdistan Regional Government in the country's north to drill for it. Bomb
sweeps are routine, and employees keep bulletproof vests handy.
    In the March issue of Report on Business magazine, available on Friday,
February 27, writer Paul Christopher Webster chronicles how Simon Hatfield,
founder and president of WesternZagros, has plotted since the early '70s to
get at Iraq's oil. Now, he's on the brink of achieving his long-held ambition.

    Also in this issue:

    Post-boom politics - For years, Alberta treated its Heritage Savings Fund
like a piggy bank instead of an investment. Once managed by Alberta Finance,
the Heritage Fund, along with $71 billion in public-sector pension assets, is
now under the control of an arm's-length government agency, the Alberta
Investment Management Corp. (AIMCo). AIMCo's CEO, Leo de Bever, is tasked with
building a sophisticated, independent asset manager with strong returns.
Reporter Sean Silcoff finds out how de Bever plans to deliver the same success
as he did at the Ontario Teachers' Pension Fund.

    The wonder of Bernie - Bay Street insider Doug Steiner ponders how Bernie
Madoff, the man he once tried to emulate, turned out to be crooked to the tune
of $50 billion.

    Not sexy but safe - Corporate bonds don't lead the glamorous life of
stocks, but they can be exciting nonetheless. Our investing columnist, Fabrice
Taylor, gives readers a crash course on corporate bonds.

    Report on Business magazine is Canada's most-read business publication.
Published on the last Friday of every month in The Globe and Mail, Report on
Business magazine offers readers insightful, award-winning coverage of
Canadian and global business and economics and is available with copies of The
Globe and Mail and online at The Globe and
Mail is a division of CTVglobemedia, a dynamic multimedia company that also
owns CTV, Canada's leading private broadcaster.

For further information:

For further information: or to arrange an interview please contact:
Teresa Pagnutti -, (416) 969-2721; Jennifer Hills -, (416) 969-2669

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