Two Decades of Progress. A Decade of Opportunity.
PwC assessed the Project’s contribution to the KRI in three key areas: economy, society, and the environment, looking both historically and into the future, locally and globally. The study reviewed the Project’s contribution from 2008 to 2025 and estimated its expected contribution over the next decade in light of the significant investments planned for field development.

This assessment builds on a previous study conducted in 2018, which evaluated the Project’s overall economic, social, and environmental impact on the Kurdistan Region of Iraq after its first 10 years of operation.
Looking back at two decades of progress.
Explore the milestones that have shaped the Kurdistan Gas Project over nearly two decades.
Development agreement signed with the Kurdistan Regional Government.
Production begins at Khor Mor just 15 months after construction starts.
Pearl Petroleum consortium established.
Major expansion programme launched.
KM250 expansion project begins.
Major financing secured for continued expansion.
KM250 commissioned, increasing production capacity by 50% to 750 MMscfd.
Chemchemal field appraisal and development begins.
PwC publishes the independent Impact Assessment.
Next phase of growth with planned investment exceeding US$10 billion.
The Project’s impact is best understood through the people, businesses and communities whose lives have changed as a result of long-term investment.
Preserving and enhancing biodiversity in and around our operations is not just critical to our sustainability efforts, it is important for community wellbeing. In 2024, Pearl launched a tree planting initiative at Khor Mor to enhance biodiversity, support wildlife, and create sustainable habitats.
In the coming decade, the impact of the Kurdistan Gas Project is set to expand significantly, driven by accelerated field development and substantial new investment.