UPDATE 1-Addax set to start Kurdistan crude exports Sunday

Mon May 25, 2009 7:52pm BST
 
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* Addax to bring crude to Iraq-Turkey pipeline by truck

* Company has green light from ministry in Baghdad

* Kurdistan has allowed 40,000 bpd

(Adds extra quote, background)

By Luke Pachymuthu,

ABU DHABI, May 25 (Reuters) - Oil and gas company Addax Petroleum (AXC.TO) expects to start crude oil exports from its facility in Iraq's largely autonomous Kurdistan region on Sunday, a senior company executive said. The firm, listed in Toronto and London (AXC.L), expects to get access to an Iraq-Turkey oil export pipeline which it would then supply with trucks carrying crude from the Taq Taq 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 on Monday.  Continued...

 

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