Economics
Genel Sees Pipeline Exports from Kurdistan Next Year
Genel Energy has said it expects to export oil by pipeline from its fields in Iraqi Kurdistan by 2014. The company’s CFO, Julian Metherell said: “We can expect by 2014 to be accessing the export markets from our major assets, whether that is through Baghdad controlled infrastructure or through Kurdistan.“ Genel posted full year revenues of $333.4mn in line with its forecasts, on production which averaged 44,500 bpd in 2012 and said it will start exploring for oil deeper in Kurdistan and in Morocco later this year. (Iraq Business News)
Source: http://www.iraq-businessnews.com/2013/03/06/genel-sees-pipeline-exports-from-kurdistan-next-year/
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