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Addax set to start Kurdistan crude exports Sunday

Addax set to start Kurdistan crude exports Sunday

Write: Dante [2011-05-20]
ABU DHABI, May 25 - Oil and gas company Addax Petroleum (AXC.TO) 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), 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.