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Genel
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Heritage Oil Issued The Exchange Repayment Notice
Jan 24, 2013Genel Energy has announced that closing has taken place on its acquisition of the remaining 49 per cent participating interest in the Miran exploration block in the Kurdistan Region of Iraq. On 12 November 2012, Genel Energy announced ...
Tags: Genel Energy, acquisition, Miran exploration
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Genel Energy Received Permission From The Kurdistan Government to Export Crude Oil
Jan 21, 2013On 7 January 2013, Genel Energy received permission from the Kurdistan Regional Government to export crude oil from Taq Taq into Turkey by truck. This authority is consistent with the Iraqi Constitution of 2006, the Kurdistan oil and gas ...
Tags: Genel, Trading, Operations
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A Partner Suggests Iraq as a True Frontier Market Investment
Jan 16, 2013Writing in the Financial Times, a partner at a London-based financial advisory business suggests Iraq as a true frontier market investment. Citing precedents such as Japan in the early 1960s and Russia in 1995, Richard Greer, a partner at ...
Tags: Iraq, True Frontier Market, Financial Time
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SOMO Will Take Legal Action Against Companies Exporting Crude Oil
Jan 14, 2013Iraq’s State Oil Marketing Organization (SOMO) has issued a statement suggesting it will take legal action against companies exporting crude oil without dealing with the central government, including the confiscation of cargoes and ...
Tags: Iraq, crude oil, oil exports, Oil Marketing Company
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Kurdistan Will Find Its Way to The Market
Dec 20, 2012A year after the withdrawal of US troops,the terrorist attacks in Iraq continue,and the tensions between central government and the Kurdistan Regional Government continue to rise. In the year ahead,we can expect to see further ...