Genel takes charge on lower Kurdish oil estimate London (UPI) Feb 29, 2016 - Lower crude oil prices and a downward revision in the recoverable reserve estimate in the Kurdish north of Iraq means a charge on the books, Genel Energy said. An internal review of the Taq Taq basin in the Kurdish north of Iraq put the estimated recoverable proven and probable reserves at 356 million barrels, about half as much as estimated in June 2011. The company reported net ... more

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