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An employee works at the Tawke oil field near the town of Zacho on May 31, 2009 in Dohuk province about 250 miles north of Baghdad, Iraq. File photo

The representative of Kurdistan Regional Government (KRG) to Russia highlighted the political, economic, and cultural situations in Kurdistan region Tuesday to Russian media, Russian news-REGNUM reported.

Kurdistan region is willing to keep stability in relation with Baghdad, and avoid a civil war in the country, Khoshawi Abubakir, told journalists, according to REGNUM Economy in Kurdistan region is dramatically progressing, he added, noting that there are currently over 12,000 foreign companies registered in Kurdistan region.

Kurdistan Region has huge gas and oil fields, he said, drawing attention to the investment opportunities available in the region.
Oil reserve in Kurdistan region is estimated to surpass billions of barrels, and that annual turnover in the region reaches US$5 billions, according to him.

Recently, the Russian Federation opened its general consulate in Kurdistan Region's capital city, Erbil, which the KRG representative described as an important event towards the development of bilateral ties between Russia and Kurdistan Region.