Iraqi Kurdistan oil output 'could hit 200,000 bpd this year
Monday, 31 May 2010
Iraqi Kurdistan could raise oil production to 200,000 barrels per day by the end of 2010 and hopes to resume crude exports, the autonomous region's energy minister was quoted as saying.
"Volumes could be quickly ramped up to 100,000 bpd and hit 200,000 bpd by year end," Natural Resources Minister Ashti Hawrami told the Middle East Economic Survey (MEES) in its edition to appear on Monday.
Iraqi Kurdistan halted oil exports -- of about 60,000 bpd, through a pipeline to neighbouring Turkey -- in October last year due to a payment dispute with Baghdad.
On May 18, the federal cabinet approved a draft deal hammered out by Hawrami and Iraq's deputy oil minister for upstream Abdulkarim al-Laibi that would allow investors in the Kurdish region to be paid for costs and could pave the way for exports to resume.
But Hawrami stressed the deal with the central government was only provisional until a wider oil agreement is reached, adding Iraq's political deadlock after inconclusive March elections was an obstacle.
"I am optimistic, but as you know we are in the process of forming a new government in Baghdad, so there is a question over whether they will give the issue the attention it requires," Hawrami told MEES.
"We all need this. Iraq needs the revenues."
Companies exploiting Kurdish oil fields, which currently produce about 20,000 bpd, include Norway's DNO, Turkey's Genel Energy and state-owned Chinese firm Sinopec.
Source: AFP
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=103754&Itemid=79
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DNO International
http://www.dno.no/
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Genel Energy/Heritage Oil Ltd
http://www.heritageoilplc.com/iraq.cfm
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Sinopec
http://english.sinopec.com/
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1/6 2010 08:08 fcras 0
29819 Published: 08:00 CEST 01-06-2010 /HUGIN /Source: DNO International ASA /XOSL: TICKER DNO /ISIN: NO0003921009
DNO International ASA - Production Report for April 2010
DNO International reports a working interest production of 12,478 bopd and a net entitlement production of 7,619 bopd for April 2010.
See attached report for details.
Oslo, 1 June 2010
DNO International ASA
Corporate Communications
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
DNO Production Report for April 2010:
http://hugin.info/36/R/1420416/370039.pdf
