Kurdistan's top producing oilfield working to boost output


Oil production at Iraqi Kurdistan's top producing Taq Taq field is set to rise to as much as 140K bbl/day by the end of the month despite the advance of Islamist militants, according to the general manager of the operating company.

While several western oil companies have evacuated personnel from the area, production has remained consistent at Taq Taq, operated by a joint venture of Genel Energy (OTCPK:GEGYF) and Sinopec's (NYSE:SNP) Addax Petroleum.

Meanwhile, Kurdistan has delivered its third major cargo of crude oil out of a Turkish port and a fourth is sailing to Croatia.

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