GENEL IN $68M DEAL FOR KURDISTAN STAKE
GENEL Energy, the company founded by former BP chief executive Tony Hayward, announced yesterday that it had taken control of an oil project in Kurdistan in which it already had an interest. It has paid Forbes & Manhattan $68m (£41.8m) for its 40 per cent stake of the Chia Surkh block and now has a controlling 60 per cent interest.