The Norwegian D.N.O company has said the
it has discovered the potential to produce 100 million barrels of
oil from the oil fields of the Iraqi Kurdish region, reported the
official website of the Kurdistan Regional Government KRG, Tuesday
June 13.
In a statement posted on its official website, the KRG had described
the discovery by D.N.O. as significant development in the economy of
Kurdistan region and revealed that beginning 2007 it would be
possible for Kurdistan region to produce and export crude oil.
After the toppling of the former regime in March 2003, the Norwegian
D.N.O. company was the first foreign company to begin searching for
oil in Iraq.
The D.N.O., which has a 40 % share of the oil fields in the
Kurdistan region according to an agreement with the KRG, described
the quality of the oil in Kurdistan region as excellent.
been voiced.
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