Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Iraq-Turkey oil pipeline to restart within days - Genel CEO

Published 03/03/2016, 10:20
Updated 03/03/2016, 10:30
© Reuters.  Iraq-Turkey oil pipeline to restart within days - Genel CEO
GENL
-

LONDON (Reuters) - An oil pipeline linking northern Iraq to Turkey which has been out of service since Feb. 17 is expected to resume operations "within a couple of days", the chief executive of Genel (L:GENL), one of the main oil producers in Iraqi Kurdistan, said.

The Turkish government was reinforcing security measures on the pipeline and these changes should limit downtime of the pipeline over the course of this year, he said on Thursday.

"We are expecting within a couple of days the pipeline will be up and running," Murat Ozgul told analysts.

A source within the Kurdistan regional government told Reuters on March 1 the pipeline would be repaired by the end of the week.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.