morocco
Genel Energy Expands Into Morocco
Anglo-Turkish independent Genel Energy has stepped up plans to expand beyond its heartland of Iraqi Kurdistan with the 23 August purchase of 60% and operatorship of the Sidi Moussa Block offshore southern Morocco, where water depth ranges from zero to 1,250ms. The existing three foreign partners in the block, which currently have 75% interest, will decrease their shares pro rata to make way for Genel, which is headed...
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