KRG Gas Ambitions Advance As Genel Consolidates Stakes

Anglo-Turkish independent Genel Energy on 22 September completed its purchase of Austrian energy group OMV’s 36% operator’s stake in the Kurdistan Regional Government’s (KRG) Bina Bawi gas field, putting the firm in almost full control of the two blocks slated to supply 10 bcm/year of KRG gas exports to Turkey.

Genel is also in the process of acquiring the KRG’s 20% interest in Bina Bawi and 25% of the...