KRG Ministry of Natural Resources

With 45 billion barrels of estimated oil reserves, the Kurdistan Region is poised to become a key part of Iraq’s renaissance and a major actor on world oil markets. The region intends to develop its hydrocarbons resources as per the 2005 Iraqi Constitution and maximise the benefits of this development for the Iraqi people. Since 2003, the region has attracted more than 45 companies from more than 30 countries.

Situated at the crossroads of the Middle East and Europe, the Kurdistan Region is ideally positioned to become a significant contributor to the world's energy supply.

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