Friday 4 July 2014

Genel Energy gains from opening of Kurdish region pipeline to Turkey | The National

Genel Energy gains from opening of Kurdish region pipeline to Turkey | The National:



"The opening of new export pipeline to Turkey from Iraq’s Kurdish region has boosted production for Genel Energy.



The oil exporter headed by Tony Hayward, the former BP chief executive, said production averaged 84,000 barrels per day in June compared to 63,000 bpd for the whole of the first half.



The opening of the pipeline in May allowed the autonomous region to by bypass the Iraq network in a move that has been disputed by Baghdad."



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