Genel Energy scraps 2023 output forecast on Iraq-Turkey pipeline closure

Genel Energy

11/05/2023 07:27

May 11 (Reuters) - Genel Energy  GENL.L  scrapped its
2023 production forecast on Thursday, saying it was no longer
valid amid the closure of the Iraq-Turkey Pipeline in March.
    The Iraqi Kurdistan-focussed company said it would issue a
new forecast once the pipeline reopens and investments plans are
confirmed.
    It also cut its capital expenditure forecast for 2023.

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Savio
D'Souza)
 ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))