Genel Rises to Record as Kurdistan Starts Pipeline Oil Sales
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Genel Energy Plc, the biggest oil and gas operator in Kurdistan, rose to a record after the semi-autonomous region of Iraq said it will sell its first crude through a new pipeline to Turkey this month.
Shares in the company run by former BP Plc Chief Executive Officer Tony Hayward rose 3.5 percent to 1,117 pence in London. The stock has surged 43 percent since the start of last year.