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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Genel Energy to expand Kurdistan's gas operations

    jedi17
    jedi17
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    Genel Energy to expand Kurdistan's gas operations Empty Genel Energy to expand Kurdistan's gas operations

    Post by jedi17 Sat 01 Apr 2017, 7:23 am

    Genel Energy to expand Kurdistan's gas operations
    5:17 AM ADMIN

    Arbil Iraq TradeLink: Genel Energy oil company is planning to expand its operations in utilizing Kurdish gas wealth to "compensate" the decline in Tataq oilfield's reserves.

    In a statement, the company disclosed its talks with the Turkish Energy Company to have partnership in investing Kurdish natural gas in the region.

    The latest financial report of the company revealed that it has "bad financial situation during the past three years" due to the second estimation's decline in oil prices and the reserves in the main oilfield in the region.

    Oil production in Taqtaq oilfield was declined by 37% in comparison with 2015, with an average of 50.000 b/d.


    The statement added that there was a previous agreement with the Kurdish region and Turkey to export the national gas, so "the new strategy of the company in 2017 is to find a partner to develop natural gas projects and building a gas-export pipeline".

      Current date/time is Thu 28 Mar 2024, 11:44 am