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New oil set to flow

In a move that could have profound implications for a handful of UK oil and gas explorers, the Kurdistan Regional Government (KRG) has revealed a plan to construct an oil pipeline to Turkey with a projected volume of 1m barrels per day. The news prompted a positive response from Paul Atherton, finance chief of Heritage Resources, a company that is looking at ways of commercialising one of the largest natural gas finds in recent years: "This is an excellent opportunity for Heritage to fast-track exports, and therefore monetise its gas from the Miran field."

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By Mark Robinson,
08 June 2012

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