Genel Energy still has a $1 billion kitty as it eyesacquisition opportunities in the Middle East, Africa and Iraqi Kurdistan.
The Tony Hayward-led company, freshfrom revealing farm-in deals in Malta and Morocco on Thursday managed to pull in a profit inthe first half of the year despite production taking a hit from an export haltby Kurdish authorities earlier this year.
On 1 April the Kurdistan Regional Government called forcrude exports to cease following disagreements with the central government inBaghdad.
