Genel Sees Kurdish Oil Production Rising on Pipeline Exports
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Genel Energy Plc, the largest oil producer in Iraq’s Kurdistan region, expects output to rise once a pipeline to Turkey becomes available in the fourth quarter.
“There will be a substantial increase in production next year,” Chief Financial Officer Julian Metherell said today in an interview, without giving a specific forecast. “The pipeline is currently 15 kilometers short of the tie-in. We’re confident that we’ll have export capability through it, and that will allow us to utilize our capacity.”