Genel Energy plans acquisitions in Northern Iraq
Genel Energy, a group formed via a merger of Vallares and Turkey's Genel Enerji, plans acquisitions in Northern Iraq and aims to expand in the Middle East and North Africa, Chief Executive Officer Tony Hayward said.
Iraq plans to spend $500 billion on energy projects by 2030, said Hussain al-Shahristani, the country's deputy prime minister for energy affairs.