Izzat Sabir, Undersecretary of the Iraqi Oil Ministry for Gas Affairs, said Iraq can produce oil for another 100 years, adding, “There is a bright future for gas in the Kurdistan Region and there is good coordination between Erbil and Baghdad.”

Speaking to Channel8 in an interview, Sabir said Iraq needs three billion cubic feet of gas per day and that there will be no shortage of natural gas in the Kurdistan Region and Iraq for another 25 years.

He noted that Iraq wants to establish oil sales routes through Jordan, Turkey, Basra, the Gulf, and Syria, adding that it is not yet known how much underground oil remains in reserves.

The Undersecretary mentioned that 300,000 to 330,000 barrels of oil are produced daily in Kirkuk and that British company BP aims to increase production to 400,000 barrels per day.

According to him, BP must spend $10 million annually to serve Kirkuk, and with the start of the company’s operations and increased oil production, hundreds of jobs will be created for young people in the province.

Sabir further added that daily gas production from the Khor Mor field is 550 million cubic feet and will reach 700 million cubic feet by the end of this year.