The stock market Shares of companies operating in northern Iraq rises with oil flow in the pipeline

Posted by on Jan 13, 2014 | Leave a Comment

Give the oil flow through a new pipeline from Kurdistan Iraq to Turkey a boost to shares of companies that have fields there on Thursday, supported by prospects that they are now able to sell more crude abroad despite objections from Baghdad.

The Kurdish Government said on Wednesday that the oil started to flow through the pipeline to Turkey and the export is expected to begin at the end of this month and that rises in February and March.

Iraq’s Government said on Thursday that it remains opposed to those exports, which it considers illegal.

Hussein Al-Shahristani said Iraq’s Deputy Prime Minister for Energy Affairs in an email to Reuters did not give consent. ”

Despite expectations that initial little flows, this step could redraw the export routes across the region.

And shares of energy registered in Giniel LSE 4.54 percent and shares of de Norwegian that or 2.09 percent Thursday.

The two companies provide crude pipeline from fields in the Kurdish regional Government reported.

Little rose also contributed to other companies seeking production of Kurdistan but did not use the line so far, including Gulf keystone in London announced Thursday the Kurdish oil exports start trucking. The volume leader was increased 0.85 percent also contributed to increased mother. or. the Hungarian webtrosiltk. 

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