Abu Dhabi National Energy Co (TAQA) has bought a 53.2 percent operating interest in Iraqi Kurdistan's Atrush oil block for $600 million from General Exploration Partners (GEP) Inc.
A TAQA spokesman said on Wednesday production was expected to start in 2013 and the acquisition would be funded "from corporate resources".
GEP is a venture between privately-held Aspect Energy, which owns a 66.5 percent interest, with the remainder held by a subsidiary of Canadian group ShaMaran Petroleum.
TAQA buys stake in Iraqi Kurdistan oil block for $600 mln | Reuters
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