Anglo-Turkish firm Genel Energy released figures on 20 January highlighting the extent to which investment cutbacks are impacting on production in Iraqi Kurdistan. Combined with the recent further collapse in prices, revenue for crude sales from the region’s two key fields – Tawke and Taq Taq – is set to more than halve this year.
January production at the two key Kurdish Region of Iraq (KRI) fields, in both of which Genel holds a stake, is currently running around...
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