, noting that the research estimates that the fields in the region stores more than 60 billion barrels of oil .

The economic security adviser in Kurdistan Region , Bioar Khansi told " Turkish Anatolia in news briefed by “Shafaq News” that “ oil fields spread in many parts of Kurdistan Region contain oil reserves that may increase to 60 billion barrels , pointing out that the reserve is documented so far and has reached more than 45 billion barrels .

He added that if the areas of expanding oil exploration and increase the number of companies to do surveys in this area, it is expected to increase oil reserves to 60 billion barrels.

He added that if Kirkuk province and other disputed regions have returned its relation to Kurdistan, the oil reserves will be doubled of course.

On the companies operating in the fields of the region, Khansi said that 52 international companies are working in the oil field in Kurdistan region , noting that the companies are working in depths may increase to 3,700 meters under the ground .

He stated that these companies have assured through its work that lasted for 5 years that there is a reserve of more than 45 billion barrels .

Regarding oil production and export in the current phase , Khansi pointed out that the oil companies are now working within 14 oil fields which is only secured to extract 300 thousand barrels per day , adding that the region includes 46 oil sites .

Khansi predicted that with 2020 , the export capacity from the fields of Kurdistan Region will rise to two million barrels per day .