EconoMonitor : EconoMonitor » Is Iraq’s House Too Divided for Oil?:
"During trading on the London stock exchange Wednesday, stock in Genel Energy took a nose dive after it announced imminent exports of Kurdish oil from Turkey. While western Iraq is in the hands of al-Qaida, recent trends suggest there’s no safe investment refuge even in the Kurdish north.
Genel Energy, led by former BP boss Tony Hayward, said exports of crude oil from its operations in the Kurdish region of Iraq are “expected to commence in the near future.”
Last week, the Kurdistan Regional Government of Iraq announced it expected 2 million barrels of its crude oil would be exported from the Turkish sea port of Ceyhan by month’s end. That volume should double by the end of February and eventually top the 10 million barrel mark by December."
'via Blog this'
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