Heritage stops crude exports from Taq Taq

摘要

Dubai-The UK's Heritage Oil halted October 14 exports from the Taq Taq oil field in Iraq's northern Kurdistan region and the company does not expect them to resume until a payment mechanism is agreed, the company said October 19. Heritage, which is currently in acquisition talks with the joint operator of Taq Taq, Turkey's Genel Energy International, said it had been informed by Genel that no revenue had been received for any of the oil exported from Taq Taq since exports began on June 1.