Middle East Economic Survey
VOL. LIII
No 43
25-Oct-2010
IRAQ
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...
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