Genel Energy (GB:GENL) has released an update.
Genel Energy PLC reported consistent production and a strengthened balance sheet in its half-year results for 2024, despite challenges due to the suspension of international exports. The company has successfully reduced costs, maintained domestic sales, and is actively seeking asset acquisitions for geographical diversification. Genel Energy also awaits the outcome of the London arbitration for compensation from the Kurdistan Regional Government (KRG), expected before the end of 2024.
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