Erbil hosts conference to encourage foreign investment in the oil sector in Kurdistan
12/11/2011 09:46

Erbil, November 12 (Rn) - The source of the Kurdistan Regional Government, Erbil that will launch on Sunday of the Conference of the oil and gas is designed to encourage companies and foreign investors to invest in the oil region.

According to the source, who preferred to remain anonymous, told the Kurdish news agency (Rn), that "would be the Erbil tomorrow the launch of the Conference of the oil and gas, organized by the group (KC) London specialized in organizing conferences in the field of energy," noting that "the conference aims to encourage companies and foreign investors to invest in the oil region. "

The source explained that "It is expected the participation of many specialists and workers in the field of energy in the conference which will address the new role of Iraq within the global context as well as the role of investment in the economy of this country and how to open markets and sources of thermoplastic Showing the Kurdistan Region and Iraq."

He continued that "nearly 300 delegates and a representative of international companies have registered to participate in the upcoming conference notably Exxon Mobil and Hess and Marazn and Ganal Anerze and Keystone Golf addition to the participation of many officials in the region, Iraq and foreign diplomats."

The number of oil wells in the Kurdistan Region of 40 wells, while the region sits on the reserve of crude oil is estimated at 45 billion barrels and 100 to 200 trillion cubic feet of natural gas, putting the region in the category of large oil-producing countries.

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