Energy
In Kurdistan, previous government in Baghdad had specifically deprived the Region from indigenous power generation and development. Generators became the only option for many in Kurdistan. Through sustained development, the energy picture has changed dramatically.
Today, domestic and international private sectors have partnered with our government to build-operate and own (BOO) power plants in Kurdistan. Such development, including the utilization of our Regions natural gas is addressing the electricity needs of our people, and our developing economy.
The most significant work on the electricity front is being undertaken by UAE-based players DANA gas and Crescent Petroleum. The Khor Mor gas field now has an early processing facility and two 4.25 million cubic meters capacity LPG plants.
The Kurdistan Region sits on vast oil resources, estimated at 43.7 billion barrels of proven oil and 25.5 billion barrels of potential reserves. The region is capable of exporting over 100,000 barrels of oil per day. Investment opportunities are vast, including: oil and gas drilling and production equipment; turbines, compressors and pumps for pipeline applications; measurement and process control equipment for pipeline applications; industrial automation, control and monitoring systems for refineries, gas processing and petrochemical plants; seismic processing and interpretation; petroleum software development; sulfur removal and disposal technologies; well stimulation; and field abandonment services.
