Turkish company to sell stake in Iraqi largest gas field
Baku, Azerbaijan, March 5
By Rufiz Hafizoglu - Trend:
Major Turkish energy company Genel Enerji will sell its stake on the oil and gas field Miran, which is located on the territory of Kurdish autonomy in northern Iraq, the Turkish newspaper 'Fortune Türkiye' reported March 4 with reference to head of the company Murat Ozgul.
Ozgul said that the Genel Enerji is currently in talks with one Turkish company over selling its stake in the field.
At the same time, Ozgul didn't mention the name of the company, adding that it is a commercial secret.
In August 2012, the Genel Enerji acquired a 26 percent share of Canadian Heritage Oil on the oil and gas field Miran in the Kurdish autonomy in northern Iraq.
Genel Enerji paid $156 million for a 26 percent share, increasing its participation in the project to 51 percent.
Reserves of the field Miran are estimated at 150 billion cubic meters, and it is the largest gas field in Iraq.
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