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The Kurdistan Region of Iraq has huge undiscovered reserves with access to domestic and international markets via existing and planned export routes. Kurdistan Regional Government offers world class business opportunities with favorable tax environment and commercial terms. Therefore, the E&P presence in the area increased to a significant number, thus resulting in major oil & gas discoveries within the last few years.

Kurdistan Region of Iraq was one of the major areas of interest for Petoil even before Iraq’s liberation. Company entered the region in 2003 and has maintained its operations in four petroleum exploration and Production blocks since then.

Petoil acted as the operator of two blocks in the past. Accelerated work programs implemented in Northern Iraq will carry Petoil and and all other companies operating in the region to the future.