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Hayward Says Venture Plans to Boost Oil Output in Iraq

Sept. 8 (Bloomberg) -- Tony Hayward, chief executive officer of Vallares Plc, talks about the purchase of Turkey’s Genel Energy International Ltd. and the outlook for oil exploration in Iraq’s Kurdistan region. Vallares and Genel have formed a new oil company, Genel Energy Plc, which will use its $2.2 billion in cash on acquisitions and developing existing fields. Hayward speaks in Istanbul with Bloomberg HT's Ozlem Dalga.

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