Baghdad Offers Security Guarantees to Foreign Oil Firms in Kurdistan

Mohammed Jangadost 2 hours ago
The Majnoon oil field in southern Iraq. Photo: AFP
The Majnoon oil field in southern Iraq. Photo: AFP

The Iraqi federal government has provided assurances aimed at protecting oil fields in the Kurdistan Region and preventing attacks that have disrupted operations and raised concerns among foreign energy companies, according to informed sources.

The guarantees from Baghdad are considered one of the key measures intended to restore confidence among international oil companies operating in the region. Federal authorities have pledged to prevent drone attacks originating from areas under federal control, with the objective of ensuring a secure environment for energy operations and investment.

Additional Security Measures Under Consideration

Alongside the federal government's commitments, two additional measures have been proposed to strengthen the protection of oil facilities and foreign operators in the Kurdistan Region.

The first proposal would allow oil companies to establish and operate their own defensive and precautionary systems within oil fields to enhance site security and protect critical infrastructure.

The second measure involves the creation of a joint security force comprising personnel from both the Iraqi federal government and the Kurdistan Regional Government. The force would be tasked primarily with safeguarding oil facilities, foreign companies, and energy infrastructure throughout the region.

Major Foreign Operators

Four major international companies currently account for most of the Kurdistan Region's oil production. These include U.S.-based HKN Energy and Hunt Oil, Norway's DNO, and the United Kingdom's Gulf Keystone.

Industry sources indicate that the resumption of full operations by these companies could significantly increase the region's oil output.

With production gradually recovering, the Kurdistan Region is expected to return to pre-conflict production levels, which exceeded 220,000 barrels of oil per day.

Officials and industry observers say improved security conditions will be essential for maintaining foreign investment, restoring production capacity, and ensuring the long-term stability of the region's energy sector.

Mohammed Jangadost

2 hours ago