UPDATE 2-Genel targets Turkey gas deal this year to overcome oil troubles - REUTERS

LONDON Thu Mar 30, 2017 | 5:15am EDTKarolin Schaps; Editing by David Evans and Susan Thomas

• $779 mln in exploration write-offs in 2016
• Annual operating loss of $1.2 bln
• Shares recover slightly after record low on reserves cut
• Receivables fall to $253.5 million (Recasts with gas projects, adds CEO, analyst comments, share price)

Genel Energy, the oil producer chaired by former BP boss Tony Hayward, expects to strike a gas-export partnership deal with Turkey Energy Company this year, it said on Thursday, as it tries to overcome setbacks in oil exploration.

Genel slipped further into the red last year after it again downgraded reserves at its flagship oilfield and weak oil prices ate into profits, it said.

RPT-UPDATE 1-Genel courts Turkey with Kurdish gas to reduce reliance on Russia - REUTERS

Apr 27, 2016

• Genel in talks with Turkish state-backed firm on stake in fields
• Deal would help Turkey diversify supplies after Russian dispute
• Could help Genel and Chairman Hayward regain investor confidence (Recasts, adds details, background)

By Ron Bousso

LONDON, April 27 Genel Energy, chaired by former BP head Tony Hayward, is betting on a major deal with Turkey to jointly develop gas fields in Iraqi Kurdistan which will help Ankara reduce its reliance on Russian supplies after relations soured with Moscow.

The deal, if it goes through, could help London-listed Genel regain investor confidence after it steeply downgraded its oil reserves two months ago - leading to it losing a third of its market value, contributing to its biggest-ever annual loss and piling pressure on Hayward.

Iraq's Kurds to Start Natural Gas Exports to Turkey in 2019-2020 | Bloomberg

Nayla Razzouk, January 15, 2016

• Gas exports to be doubled later, cost of link not finalized 
• Kurdish region holds 3 percent of world's total gas reserves 

Iraq’s semi-autonomous Kurdish region plans to start exporting 10 billion cubic meters a year of natural gas to Turkey by 2019-2020, according to an official at the Kurdistan Regional Government’s Ministry of Natural Resources.

The KRG will double gas exports to 20 billion cubic meters a year by the early 2020s, the official said in an e-mailed statement on Friday. He was clarifying remarks made on Thursday by Bewar Al-Khinsi, economic security adviser at the KRG’s Kurdistan Protection Agency, who had said gas exports will start by the end of 2016.