BP CEO Hayward testifies before House Committee on oil spill in Washington
BP CEO Tony Hayward is sworn in prior to testifying before the House Energy and Commerce Oversight and Investigations Subcommittee regarding BP's Deepwater Horizon oil rig explosion and oil spill on Capitol Hill in Washington on June 17, 2010. UPI/Roger L. Wollenberg
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Turkish energy company Genel Energy said it expects to convert a natural gas pipeline in Iraq to an oil pipeline by the end of the year.
Converting a natural gas pipeline to an oil pipeline will allow for additional exports from the Kurdish region of Iraq, Genel Energy chief Tony Hayward said.
Plans for production from the site of a major oil discovery in the Kurdish region of Iraq are expected in early 2014, Genel Energy chief Tony Hayward said.
The divide between the Kurdish and Iraqi governments over oil is growing, though Genel Energy head Tony Hayward said Kurdistan was a good investment.
Testimony began this week in a civil trial to determine how to share the blame for the Deepwater Horizon oil spill in the Gulf of Mexico.
The confrontation between the Iraq's government and the semiautonomous Kurds has intensified as Baghdad negotiates with British oil giant BP to operate in territory both sides claim.
Turkey's Genel Energy said it expects to ramp up operations at the Taq Taq oil field in the Kurdish region of Iraq by 20,000 barrels of oil in the coming weeks.
Turkey and Iraq's Kurds are reported to be close to an explosive deal on investment in the energy industry of the semiautonomous Kurdish enclave.
Reports say the chain of command broke down, there was a rookie in charge of testing, some tests were overlooked and warnings went unheeded.
Two BP executives have been charged with involuntary manslaughter and a third with obstruction of Congress, indictments unsealed in New Orleans Thursday said.
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