Genel Enerji Plans New Kurdistan-Turkey Pipeline, FT Reports

Genel Enerji AS plans to build a pipeline that will connect its fields in the Kurdish regions in northern Iraq to a port in Turkey on the Mediterranean, the Financial Times reported today.

The pipeline will have a capacity to export 400,000 barrels of oil a day, it said, citing Tony Hayward, the former head of BP Plc, who runs the investment company Vallares Plc that has announced an agreement to merge with Genel Energi.

To contact the reporter on this story: Nayla Razzouk in Dubai at nrazzouk2@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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