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Iraq's Taq Taq oil output 20,000 - 40,000 bpd
BAGHDAD, July 17 |
BAGHDAD, July 17 (Reuters) - Oil production from Iraqi Kurdistan's Taq Taq oil field fluctuates between 20,000 and 40,000 barrels per day, of which exports range between 12,000 and 30,000 bpd, a senior engineer at the site said on Friday.
The engineer declined to be named.
Oil exports from the field in Iraq's north, developed by energy company Addax Petroleum AXC.TO and Turkey's Genel Enerji, started in June following Baghdad government approval.
The move was seen as a breakthrough in a long-running row between the Shi'ite Arab-led government of Prime Minister Nuri al-Maliki and the Kurdish Regional Government, as Baghdad deems deals Kurds make independently with oil firms illegal.
Who will pay the foreign firms, and how, remains unclear.
Taq Taq's developers hope to boost production to 60,000 bpd by the end of November.
Iraq's finance minister this week said Iraqi oil exports, of which the majority is produced in the country's south, reached 2.1 million bpd in July so far, putting the country on track for its highest oil export volume since the 2003 U.S.-led invasion.
For a table of Iraqi economic indicators, including oil exports, click: [ID:nL8664151]. (Reporting by Mohammed Abbas: Editing by Jon Boyle)
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