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Genel Enerji: North Iraq refinery back on agenda

The company is also considering holding a public offering abroad-says official.


October 1, 2010 8:31 by

Turkey’s Genel Enerji General Manager Orhan Duran said on Thursday plans to set up a refinery in northern Iraq, shelved due to the global 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 fields in Iraq to the Kirkuk-Ceyhan oil pipeline between Iraq and Turkey.

The company is also considering holding a public offering abroad, he added.

(Reporting by Evrim Ergin)


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