1. Of this, the KDC estimates the Kurdistan region contains some 45bn barrels.

2. In a deal with an estimated end value of $5 billion, GFH is partnering with Emirates International Investment Company, Khaleej Development Company (KDC), Q–Invest, and First Energy Bank, and leading technical partners and market advisers MN Dastur and Gulf Organization for Industrial Consulting (GOIC); all of whom have a strong reputation regionally and internationally.

3. "The fact that they mention existing fields implies that there is reference to unexploited fields, and the inference is because they are not under the federal government‘s powers they are under the control of the regions," said Nicholas Somerville, executive director of the Kurdistan Development Corporation (KDC), a public–private initiative with the KRG.

4. We believe our plans for this company will give us the competitive advantages required to become a serious regional player,» said Ahmed Al–Qattan, vice chairman and managing director of Khaleej Development Company (KDC). Commenting on the technical plans of the company, Supriya Das Gupta, the chairman of MN Dastur, said, «The plants will adopt the latest technology and manufacturing techniques by partnering with leaders in steel manufacturing, employing the most up–to–date technology and processes.» Professor Abdulatif Al–Meer, managing director of Q–Invest in Qatar, said «beyond the immediate economic benefits, this kind of initiative has a wide–ranging impact on employment levels and standards of life.