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
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...