Genel Energy plc is an oil company with a registered office in Jersey and a field office in Turkey. The company is listed on the London Stock Exchange. It has its exploration and production operations in the Kurdistan region of Iraq, as well as exploration licences in Morocco and Somalia. The company owns rights in three productions sharing contracts in the KRI, including interests in the Taq Taq, Sarta, and Tawke licences.[2]
| Company type | Public |
|---|---|
| LSE: GENL | |
| Industry | Oil and gas industry |
| Predecessor | Genel Enerji Vallares |
| Founded | 2011 |
| Headquarters | London |
Area served | Iraqi Kurdistan |
Key people |
|
| Website | www |
Genel Energy was created in 2011 as a result of the reverse acquisition of Turkish Genel Enerji by Tony Hayward-led investment company Vallares.[3] Vallares was set up by Tony Hayward, financier Nathaniel Rothschild and banker Julian Metherell.[3] Genel Enerji was controlled by Mehmet Emin Karamehmet through Çukurova Group (56%) and Mehmet Sepil's family (44%). In 2009, Genel Enerji planned to merge with Heritage Oil; the deal subsequently collapsed.[4]
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