ERBIL: Kurdistan's rocky emergence as an oil exporter
is the dominant story in northern Iraq. But the region's large
natural gas reserves hold promise, too, offering a lucrative
business that may bypass some of the central government's
objections to Kurdish oil ambitions.
Genel Energy, a Turkish firm
already producing oil in Kurdistan, says it plans to bring on
stream 4 billion cubic metres a year (cm/y) of gas from its
fields in Kurdistan by 2015.
The production will go to Turkey's energy-hungry market,
reinforcing the growing commercial ties between Ankara and the
Kurdistan Regional Government (KRG).
Last year, trade between Kurdistan
and Turkey amounted to $8 billion, say KRG officials, who
predict such figures will mushroom as the region's oil and gas
business, still in its infancy, takes off.
The KRG thinks oil production - hindered for...