Iraqi-focused oil company Genel Energy said it lowered its outlook for production from one of its key assets in the Kurdish north of the country. Genel, which lists headquarters in London, provided an operational update after drilling a new well within the Taq Taq oil field in the Kurdish north of Iraq. The company said the implied production for the first half of the year was above 60,000 barrels of oil per day, but actually lower because of a 23-day shutdown of an export pipeline tied to the Turkish sea port of Ceyhan.