Middle East Economic Survey


No 43



Genel Enerji Sells Stake In Iraqi Kurdistan Assets To Koreas UI Energy

Turkeys Genel Enerji has agreed to sell to South Koreas UI Energy Corporation for $175mn stakes in three concessions in Iraqi Kurdistan in which it holds shares. Genel on 15 October said it would sell a 5% stake each in the Dohuk and Tawke production sharing contracts (PSCs), in which Genel holds 40% and 25% respectively, and that it would sell 10% of the...