When Tony Hayward acquired Turkish Genel Enerji, he intended to merge with Genel Energy to create an independent oil. This happened in 2011, and since then, the company has been expanding rapidly.
It is based in London with assets and funds in the Kurdistan Region of Iraq. Being the leading oil producer, the company offers low-cost assets, which include the Taq Taq and Tawke PSCs. The assets produce material free cash flow.
Genel Energy PLC is very keen on the Kurdistan Region of Iraq, and it is always striving to have a justifiable impact on it. Its focus is on the growth of production of the hydrocarbons. The company’s ambition to accomplish its strategies is driven by its core strengths, which include the ability to take control of regional relationships.
The company is listed on the LON market. However, it is always pursuing growth opportunities locally and internationally. It is also improving its infrastructure to offer more value to its shareholders.