Kurdistan Seeks Oil Revenues of $25 Billion

Minister of Natural Resources in the Kurdistan Regional Government, Ashti Hawrami, announced on Thursday that his ministry seeks to increase the daily oil production in the region to 3-4 million barrels in the next four years, noting that revenues will increase during this period to $25 billion [30 trillion Iraqi dinars].

“The region has 45 billion barrels of oil and 200 trillion cubic meters of natural gas,” Hawrami told a press conference in Arbil, attended by Aswat al-Iraq news agency, noting that the ministry has prepared a strategy to increase the oil and gas production.

“The gas will be exported through Turkey,” he said.

(Source: Aswat al-Iraq)

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