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Feb 22, 2012 @ 15:59 ET

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Kurdistan

The Kurdistan region of northern Iraq is a part of the prolific Middle East petroleum province and specifically is a geologic extension of the Zagros Mountain Belt that runs from southern Iran to Eastern Turkey.

In Kurdistan, these mountains are large anticlinal structures that contain giant and supergiant oil accumulations. As a consequence of past regional and political conflicts much of Kurdistan’s oil potential has remained untapped and is estimated to range between 40-60 Billion barrels of oil.