Crude oil is easy to access, the regional government is keen to encourage investment and - compared to the rest of Iraq - it is very safe.
But with Baghdad failing to pay companies for oil that has been sold abroad and the shadow of the Baghdad-Irbil dispute hanging over the industry, what is it like to operate there?
The ex-boss of BP talks to Mark Gregory about his latest role, working in Kurdistan.
BBC - http://www.bbc.co.uk/news/business-21812047
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