The London-listed company, which had warned investors earlier this week about an impending $1 billion impairment, is letting go of a stake in one licence offshore Morocco and another onshore block stake in Ethiopia.
Genel is trying to farm out some of its 60% stake in the Sidi Moussa offshore licence in Morocco and, if successful, will withdraw from the Mir Left licence, with commitments from the latter transferred into the former.
The
