Genel cuts capex

Genel Energy has cut back on capital expenditure and overheads as it focuses on cost control in response to low oil prices and delayed payments from the Kurdistan Regional Government (KRG) for oil shipments last year.

Genel in Kurdistan: Delayed payments hit revenue
Genel in Kurdistan: Delayed payments hit revenue
Published 20 January 2016, 09:11Updated 18 October 2016, 05:11
EuropeMiddle EastNorth Africa