Wednesday 20 June 2012

Kurdistan stays defiant over oil - The National

The leaders of Iraqi Kurdistan say that by the end of the year they will be able to count on their books 45 billion barrels of oil reserves, enough to eclipse Libya's.

Already, they have attracted ExxonMobil and investments from Abu Dhabi and companies in the United Kingdom to pump out the riches.

And last month, Ashti Hawrami, the oil minister in the Kurdistan Regional Government, announced plans to build a pipeline to the Turkish border by the end of next year, enabling Kurdistan to cash in on exports without relying on Baghdad, which owns the only export pipeline connected to the semi-autonomous region.

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