Afren Says Kurdistan Production Will Rise on Pipeline Completion
“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