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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.

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