Making a positive difference since 2002

Genel signed its first PSC in the Kurdistan Region of Iraq in 2002, the first company to do so. Since this time Genel has been integral in the development of the oil industry in the region, and has made a material social and economic contribution.

We have invested c.$1 billion in the Taq Taq field alone, which has produced over 200 MMbbls and generated over $9 billion in revenue for the Kurdistan Regional Government. Direct employment and the building up of local supply chains has also made a positive impact on local communities, while our social activities have supported key community needs.

We will be marking 20 years in the KRI through an increase in the scope of our social activities, in line with UN Sustainable Develop Goals, under the Genel20 banner.

Genel20 Scholars

The first major initiative announced by the Company is the Genel20 Scholars programme, which is set to provide the opportunity for disadvantaged students to have a life-enhancing education and develop future talent for the region.

The Genel20 Scholars programme will see Genel fund scholarship opportunities for 20 talented but economically disadvantaged high school graduates to pursue bachelor studies at the American University of Kurdistan. The Genel20 Scholars programme will deepen Genel’s engagement with local communities through providing a long-term commitment that has the potential to transform the educational and career opportunities for many families.