The Ministry of Natural Resources of the Kurdistan Regional Government is responsible for the development of natural resources in the region, in accordance with Iraqi Constitution articles 111, 112, 115 and 121, under the supervision of the KRG’s Regional Council for Oil and Gas, and in accordance with Kurdistan’s Oil and Gas Law (Law No. 22 of 2007), which entered into force on August 9, 2007.
The Ministry of Natural Resources is the sole authorised signatory of production-sharing agreements with companies willing to invest in the exploration of hydrocarbons and mineral resources in the region. The ministry is also the authority awarding licences for transportation and storage infrastructure, hydrocarbons and minerals production operations as well as refining, petrochemicals and retail operations.
