Genel Energy
Genel Energy is a socially responsible oil producer with production assets in the Kurdistan Region of Iraq and exploration assets in Oman, Morocco, and Somaliland. Our plans for delivery of shareholder value are underpinned by our corporate values and are driven by our strategic goals. Genel’s strategy comprises three objectives designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend.
Objective 1: Strong balance sheet
Significant cash balance, appropriate leverage, strategic objectives funded
Objective 2: Resilient cash generation
Significant 2P reserves, predictable and resilient production, strong and efficient operational performance
Objective 3: Investment in new cash flows
Well-established and effective process for deal origination and evaluation, production or near-to production assets, cash generative assets with value upside
Latest audited KPIs – FY2024
Net 2P reserves
Net production
Free Cash Flow
Making a Positive Difference
Genel20 Scholars

Genel signed its first PSC in the Kurdistan Region of Iraq in 2002, the first company to do so. Genel has now invested $3.5 billion in the region, supporting thousands of jobs and making a material social and economic contribution. We marked 20 years in the KRI through an increase in the scope of our social activities under the Genel20 banner.
The largest initiative announced was the Genel20 Scholars programme, which is set to provide the opportunity for disadvantaged students to have a life-enhancing education.
Somaliland Mobile Medical Clinic
Genel’s mobile medical clinic programme in Somaliland has delivered healthcare and medical support services to the local communities in the vicinity of Genel’s SL10B13 asset. We partnered with local charity SHiFAT, who delivered this important project, and which has been very well-received by our host communities. This programme has made significant progress since its launch in 2023, and has treated over 31,000 patients. Genel is proud to support this life-changing initiative, which brings essential medical care to under-served areas, improving the health and well-being of thousands of people in the region.