"International Energy Agency" recently published an energy-report for Iraq. For the Kurdish region in Iraq they foresee this Oil-Output: - 500-800 thousand barrels / day in 2020. - 750 - 1.200 thousand barrels / day in 2035. http://www.worldenergyoutlook.org/media/weowebsite/2012/iraqenergyoutlook/Fullreport.pdf This is not really much. And the Oil from KRG would match quantities of BTC-Pipeline (from Azerbaijan) only around 2035. There won't be an Oil-income in the scales of Saudi-Arabia. Currently, the KRG has oil-output of around 240.000 barrel / day. 90% of that Oil-Output comes from 2 oil-fields where a Turkish company has stakes in. UPI.com In one of those 2 fields it is the operator and in the other it has a stake of 25%. It is involved in 5 more Oil-fields: Genel Energy - Snapshot of Genel Energy KRG recently signed some energy-exploration deals with some major international Oil companies. Most notably EXXON. Now there's talk, that Turkish State Oil-company TPAO will partner EXXON in these oil-exploration deals. Reuters Reason is very simple, there needs to be an export-pipeline. Otherwise the Turkish company can not export the Oil into Turkey, and the agreements between KRG and International-Oil companies will remain "ink on paper" and not much more. EXXON will hardly invest there and export the Oil by aircrafts.