diff --git a/scripts/geodata/osm/extract.py b/scripts/geodata/osm/extract.py
new file mode 100644
index 00000000..300f4b1e
--- /dev/null
+++ b/scripts/geodata/osm/extract.py
@@ -0,0 +1,63 @@
+'''
+geodata.osm.extract
+-------------------
+
+Extracts nodes/ways/relations, their metadata and dependencies
+from .osm XML files.
+'''
+
+from collections import OrderedDict
+from lxml import etree
+
+
+WAY_OFFSET = 10 ** 15
+RELATION_OFFSET = 2 * 10 ** 15
+
+ALL_OSM_TAGS = set(['node', 'way', 'relation'])
+WAYS_RELATIONS = set(['way', 'relation'])
+
+
+def parse_osm(filename, allowed_types=ALL_OSM_TAGS, dependencies=False):
+    '''
+    Parse a file in .osm format iteratively, generating tuples like:
+    ('node:1', OrderedDict([('lat', '12.34'), ('lon', '23.45')])),
+    ('node:2', OrderedDict([('lat', '12.34'), ('lon', '23.45')])),
+    ('node:3', OrderedDict([('lat', '12.34'), ('lon', '23.45')])),
+    ('node:4', OrderedDict([('lat', '12.34'), ('lon', '23.45')])),
+    ('way:4444', OrderedDict([('name', 'Main Street')]), [1,2,3,4])
+    '''
+    f = open(filename)
+    parser = etree.iterparse(f)
+
+    single_type = len(allowed_types) == 1
+
+    for (_, elem) in parser:
+        elem_id = long(elem.attrib.pop('id', 0))
+        item_type = elem.tag
+        if elem_id >= WAY_OFFSET and elem_id < RELATION_OFFSET:
+            elem_id -= WAY_OFFSET
+            item_type = 'way'
+        elif elem_id >= RELATION_OFFSET:
+            elem_id -= RELATION_OFFSET
+            item_type = 'relation'
+
+        if item_type in allowed_types:
+            attrs = OrderedDict(elem.attrib)
+            deps = [] if dependencies else None
+
+            for e in elem.getchildren():
+                if e.tag == 'tag':
+                    attrs[e.attrib['k']] = e.attrib['v']
+                elif dependencies and item_type == 'way' and e.tag == 'nd':
+                    deps.append(long(e.attrib['ref']))
+                elif dependencies and item_type == 'relation' and e.tag == 'member' and \
+                        e.attrib.get('type') in ('way', 'relation'):
+                    deps.append((long(e.attrib['ref']), e.attrib.get('role')))
+
+            key = elem_id if single_type else '{}:{}'.format(item_type, elem_id)
+            yield key, attrs, deps
+
+        if elem.tag in ALL_OSM_TAGS:
+            elem.clear()
+            while elem.getprevious() is not None:
+                del elem.getparent()[0]