Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
London-listed but KRG-focused Genel Energy, the former Turkish firm now headed by former BP CEO Tony Hayward, saw its output hit a record 229,000 b/d in June as northern Iraq’s Kurdistan Regional Government (KRG) ramps up its independent crude exports (see p2).
Genel is operator of the Taq Taq field and has a stake in the Tawke field, operated by Norwegian independent DNO. Together these fields produced 229,000 b/d in June, Genel said in an operational update on 3 July. The firm’s share price in recent days has recovered most of the ground lost in mid-June when jihadists rapidly advanced across northern Iraq (see graph). The firm says neither its output nor exports are threatened.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE