CORRECTION - - REFILE-Addax set to start Kurdistan crude exports Sunday
(Refile fixes spelling of Shahristani, para 3)
ABU DHABI, May 25 (Reuters) - Oil and gas company Addax Petroleum (AXC.TO: Quote, Profile, Research) expects to start crude oil exports from its facility in Iraq's Kurdistan region on Sunday, a senior company executive said on Monday. The firm, listed in Toronto and London (AXC.L: Quote, Profile, Research), expects to get access to an Iraq-Turkey oil export pipeline which it would then supply with trucks carrying crude from the Taq Taq crude field, Leslie Blair, managing director of Addax Petroleum-Middle East, told Reuters on the sidelines of an industry conference.
He said Iraq's Oil Minister Hussain al-Shahristani had given his agreement.
"Sunday is the date we can access the pipeline...the minister has agreed and by Sunday we will be ready," Blair said. (Reporting by Luke Pachymuthu, editing by Anthony Barker)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
