27 Mar 2023
Genel Energy (GENL LN) - Pipeline exports suspended after arbitration ruling
Arbitration ruling has led to suspension of pipeline exports. Genel (along with KRI peers DNO, Gulf Keystone and ShaMaran) has announced the temporary suspension of oil exports through the Turkey pipeline to Ceyhan on the Mediterranean coast. This follows a ruling in Paris on an arbitration case between the central Baghdad government and Turkey (ongoing since 2014), with the International Chamber of Commerce arbitration panel ruling that Turkey cannot export KRI oil via the pipeline without perm ....
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Genel Energy (GENL LN) - Pipeline exports suspended after arbitration ruling
Genel Energy PLC (GENL:LON) | 84.2 -1.9 (-2.7%) | Mkt Cap: 235.1m
- Published:
27 Mar 2023 -
Author:
Daniel Slater, CFA -
Pages:
4
Arbitration ruling has led to suspension of pipeline exports. Genel (along with KRI peers DNO, Gulf Keystone and ShaMaran) has announced the temporary suspension of oil exports through the Turkey pipeline to Ceyhan on the Mediterranean coast. This follows a ruling in Paris on an arbitration case between the central Baghdad government and Turkey (ongoing since 2014), with the International Chamber of Commerce arbitration panel ruling that Turkey cannot export KRI oil via the pipeline without perm ....