Genel Enerji: $500m Iraq Refinery Back on Agenda

The General Manager of Turkey’s Genel Enerji, Orhan Duran, said on Thursday that plans to set up a refinery in northern Iraq, shelved due to the global financial crisis, were back on the agenda and planned total investment was $500 million.

He also told Reuters in an interview the company was continuing work on building a link from its oilfields in Iraq to the Kirkuk-Ceyhan oil pipeline between Iraq and Turkey.

The company is also reported to be considering holding a public stock offering.

(Source: Reuters, Kipp Report)

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