Genel Energy Plc, the biggest oil and gas operator in Kurdistan, said its output this year will be higher than currently estimated if the Kurds and Iraq’s central government agree on oil exports to Turkey.
BP Plc Chief Executive Officer Bob Dudley saw his total pay triple in 2013 as the board’s renumeration head said the company had made progress recovering from the Macondo oil spill in the Gulf of Mexico.
Genel Energy Plc, the biggest oil and gas operator in Kurdistan, said shipments of crude to Turkey through a new pipeline will start shortly, allowing the company to receive higher prices for its Iraqi production.
Genel Energy Plc, the biggest oil and gas operator in Kurdistan, rose to a record after the semi- autonomous region of Iraq said it will sell its first crude through a new pipeline to Turkey this month.
Tony Hayward, the former BP Plc chief executive officer who now heads Kurdistan’s largest oil producer, said an export pipeline to Turkey is built, marking a turning point for the self-governing region of northern Iraq.