Over 100 oil wells dug in Kurdistan since 2005
If the KRG can find more purchasers of oil, the production of oil can be increased from 200,000 barrels to 500,000 per day by 2015.
Hawre Aziz Mansour Bag, who is professional about oil and gas issues, shed light on the recent energy conditions in Kurdistan Region.
Mansour Bag said that since 2005 over 100 oil wells have been drilled. “The success of oil industry in Kurdistan Region is not only based on the technical sides of producing oil only, but it is based on the internal and external support as well.”
Concerning the process of oil production in the Region, Mansour Bag said oil is produced by professional international companies that do their job scientifically, but one thing that should be taken into consideration is the protection of environment from being polluted.
In his view, the Kurdistan Regional Government (KRG) has been successful in attracting several giant companies in order to work in the Region and oil is expected to get produced in higher rates in the future.
“If the KRG can find more purchasers of oil, the produc- tion of oil can be increased from 200,000 barrels in to 500,000 per day by 2015,” he revealed.
Due to lack of refinery system, people in Kurdistan are suffering shortages of gasoline and other fuels. And since installing new refineries takes a long time, Mansour Bag be- lieves the KRG can solve fuels issues through increasing the production of refined fuel in the available Kawrgosk and Baziyan Refineries.
In his view, the government needs to plan for building a huge refinery in order to produce enough fuel for the local people and for exporting as well. “In order not to face crisis, the government have to have a strategic plan for building new refineries and increase productions. We always need to have a large amount of fuel stored for needy and emergency situations.” He concluded.