Afren, a U.K.-based oil and gas company focused on West Africa and Iraq, will increase output in Kurdistan once a pipeline export route to Turkey is completed by the end of this year.

“The pipeline is a positive step and we’ve agreed a tie-in,” Chief Executive Officer Osman Shahenshah said in a telephone interview. “The plan is to increase production substantially.”

Afren is selling 2,500 barrels of crude a day into the domestic market on trucks in the semi-autonomous northern Iraqi region, Shahenshah said. It maintained its guidance for full-year production for the whole company at 40,000 to 47,000 barrels of oil equivalent a day.



Soran Ali