"International Energy Agency" recently published an energy-report for Iraq.
For the Kurdish region in Iraq they foresee this Oil-Output:
- 500-800 thousand barrels / day in 2020.
- 750 - 1.200 thousand barrels / day in 2035.
http://www.worldenergyoutlook.org/media/weowebsite/2012/iraqenergyoutlook/Fullreport.pdf
This is not really much.
And the Oil from KRG would match quantities of BTC-Pipeline (from Azerbaijan) only around 2035.
There won't be an Oil-income in the scales of Saudi-Arabia.
Currently, the KRG has oil-output of around 240.000 barrel / day.
90% of that Oil-Output comes from 2 oil-fields where a Turkish company has stakes in.
UPI.com
In one of those 2 fields it is the operator and in the other it has a stake of 25%.
It is involved in 5 more Oil-fields:
Genel Energy - Snapshot of Genel Energy
KRG recently signed some energy-exploration deals with some major international Oil companies.
Most notably EXXON.
Now there's talk, that Turkish State Oil-company TPAO will partner EXXON in these oil-exploration deals.
Reuters
Reason is very simple, there needs to be an export-pipeline.
Otherwise the Turkish company can not export the Oil into Turkey, and the agreements between KRG and International-Oil companies will remain "ink on paper" and not much more.
EXXON will hardly invest there and export the Oil by aircrafts.
For the Kurdish region in Iraq they foresee this Oil-Output:
- 500-800 thousand barrels / day in 2020.
- 750 - 1.200 thousand barrels / day in 2035.
http://www.worldenergyoutlook.org/media/weowebsite/2012/iraqenergyoutlook/Fullreport.pdf
This is not really much.
And the Oil from KRG would match quantities of BTC-Pipeline (from Azerbaijan) only around 2035.
There won't be an Oil-income in the scales of Saudi-Arabia.
Currently, the KRG has oil-output of around 240.000 barrel / day.
90% of that Oil-Output comes from 2 oil-fields where a Turkish company has stakes in.
UPI.com
In one of those 2 fields it is the operator and in the other it has a stake of 25%.
It is involved in 5 more Oil-fields:
Genel Energy - Snapshot of Genel Energy
KRG recently signed some energy-exploration deals with some major international Oil companies.
Most notably EXXON.
Now there's talk, that Turkish State Oil-company TPAO will partner EXXON in these oil-exploration deals.
Reuters
Reason is very simple, there needs to be an export-pipeline.
Otherwise the Turkish company can not export the Oil into Turkey, and the agreements between KRG and International-Oil companies will remain "ink on paper" and not much more.
EXXON will hardly invest there and export the Oil by aircrafts.