Genel Energy Steps On Kurdish Natural Gas

Genel Energy has struck a deal with the Kurdistan Regional Government for development of the Miran and Bina Bawi gas fields, expanding its role as a future supplier of natural gas to the region and to Turkey. It also agreed key terms with Austria’s OMV to acquire its operated interest in Bina Bawi, the Anglo-Turkish independent said on 13 November.

Genel said in a trading update before announcing 3Q14 results that an amended...