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Genel Energy Staff Returning to Kurdistan as Security Situation Eases

Genel Energy is among major oil and gas investors in Kurdistan.
Genel Energy is among major oil and gas investors in Kurdistan.

Genel Energy (LON:GENL) said its staffing levels are returning to normal levels in the Kurdistan Region of Iraq as tensions in the area have eased.

The decision to start shipping non-essential staff back into the area so it can resume full operations has been made following a close monitoring of the situation, and in consultation with the Kurdistan Regional Government, Foreign and Commonwealth Office of the British Government, and other well-placed authorities, Genel revealed.

Production at Taq Taq and Tawke has been entirely unaffected by the security scare, and has risen to record levels, Genel revealed.

Since the start of September combined production from Taq Taq and Tawke has averaged around 234,000 barrels of oil per day (bopd), with piped exports from both fields totalling an average of around 182,000 bopd, boosted by the recent upgrade work on the KRI-Turkey pipeline.

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