Iraq's Kurdish Gas Project Gets Boost Amid Political Tumult
- Genel’s Miran, Bina Bawi fields hold more gas than estimated
- Export plans still dependent on politics following referendum
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Plans to export natural gas from Iraqi Kurdistan got a boost after reserves were upgraded at two key fields. Yet successful development still hinges on the region’s turbulent politics.
The Miran and Bina Bawi deposits hold 14.8 trillion cubic feet of contingent gas resources, explorer Genel Energy Plc said Friday in a statement after an audit was carried out by RPS Energy Consultants Ltd. That’s an increase of more than 40 percent from the previous estimate in 2016.