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Genel on track to meet targets
GENEL Energy, the Kurdistan-focused oil explorer, yesterday reiterated its full-year guidance and reassured the market that its operations “remain safe and secure” against the backdrop of geopolitical tensions in Iraq.
The London-listed firm said production averaged 63,000 barrels of oil per day in the first half, in line with company guidance. It has maintained its full-year revenue target of $500m (£292m) to $600m.