Tony Hayward has wasted little time in making a return to the oil industry.
The man forced to quit as BP chief executive over the Deepwater Horizon oil spill catastrophe in the Gulf of Mexico last year took up a new leadership position last month as the head of Genel Energy, a merger between the investment company Vallares and Genel Energy International.
Vallares, co-founded by Mr Hayward, is merging with the Turkish outfit in a US$2.1 billion (Dh7.7bn) deal. Mr Hayward will have surprised few with his determination to remain a key player in the world he knows best, but the stage he has chosen for his comeback is interesting because Genel's sole area of activity is Iraqi Kurdistan.
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