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Genel Energy 2022 Pretax Loss Narrowed Sharply Despite Disappointing Kurdistan Oilfield Results

Por: MarketWatch Business March 22, 2023

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Revenue rose to $432.7 million from $334.9 million the year before. The London-listed oil company said the results at Sarta prompted a $126 million impairment, and that the expiry of the Qara Dagh license resulted in a write off of $78 million. it added that Sarta's investment and appraisal resulted in a capital expenditure of $143 million. Further investment will only take place now if we can be confident of positive returns and... + full article



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