Kurdistan eyes major role in Turkish gas market

13 December 2012

Derek Brower, 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.

See also:
Oil fuels Iraqi-Kurd tensions


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...



Please log in to read the rest of this article.

Note: If you subscribe to PE Unconventional and wish to read this article, you will need to upgrade your subscription to include Petroleum Economist. Please contact Alastair Noakes on +44 (0) 207 779 8007 for full details.

New to Petroleum Economist? Take advantage of one week's free access - register here

Login here


You  must login to read the rest of the article.


Login

Join us now


Gain 7 days FREE access when you register now


Join here

Related Articles




Latest issue: April 2014

Venezuela on the brink

A YEAR after the death of Hugo Chávez, the movement he left behind is fighting for its survival without its comandante.


View online now