Home / Tag Archives: Genel

Tag Archives: Genel

Genel Reveals New Downgrade on Iraqi Kurdistan Oil Reserves

Tony Hayward, left, with Genel Energy’s  former chairman, Rodney Chase, at a site in the Taq Taq oil field.

Oil reserves at Genel, the London-listed producer chaired by former BP boss Tony Hayward, have been downgraded for the second time in weeks. The company, which produces oil in Iraqi Kurdistan, said on Friday that it had 8 per cent less probable and proven reserves than previously thought after a …

Read More »

Genel to Resume Oil Drilling in Coming Weeks

Genel's operation blocks in the Kurdistan Region.

Genel Energy, one of a handful of foreign oil producers in Iraqi Kurdistan, will resume drilling work at its Taq Taq oilfield in the coming weeks to ramp up production, its chief financial officer (CFO) told Reuters on Tuesday. The restart of drilling work will mark the first time in …

Read More »