Erbil, the regional capital of Iraqi Kurdistan, has all the trappings of an oil boomtown. It bristles with construction cranes. Land Cruisers and Range Rovers with tinted windows ply the busy streets. Oil workers and briefcase- bearing foreigners crowd into the Divan Erbil Hotel’s piano bar.
Glencore Xstrata Plc, the mining company run by billionaire Ivan Glasenberg, is set to name former BP Plc Chief Executive Officer Tony Hayward as its new chairman, according to a person familiar with the decision.