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21:th March
15:00
Mazher Xaleqi
xaleqi.com
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Southern Kurdistan To Produce Crude Oil
Kurdistannetwork - March 19, 2009
LONDON, - Iraq's autonomous Kurdistan region should begin to export oil via Iraq's pipeline network in the coming months, the region's minister of natural resources said on Friday.
Norway's DNO International (DNO.OL) is in the final stages of connecting its Tawke field to the network but investors fear that a dispute between Baghdad and the Kurdish region on oil revenue sharing will hold up oil deliveries. -We don't expect any real problem there despite our differences with Baghdad .. From our point of view oil will flow the day it (the pipeline) is ready,- Ashti Hawrami told Reuters in an interview.
Hawrami said the export of crude from the region could happen even without agreement between the two sides on an over-arching oil law. -We should not mix the two things,- he said.
Addax Petroleum (AXC.TO) is also in the advanced stages of readying its fields for potential export of crude. (Reporting by Tom Bergin, editing by Anthony Barker)
Source: Reuters
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