The number of oil producers in Kurdistan will slump by three-quarters in five years with the biggest in the industry taking control in the region, according to Genel Energy Plc (GENL) Chief Executive Officer Tony Hayward. “It’s likely that we’ll end up with, perhaps, five or six of the largest companies operating, with Genel, Exxon, Chevron ending up as major operators,” Hayward said in a Nov. 21 interview during the Atlantic Council conference in Istanbul. “It’s what happens in most hydrocarbon provinces.” ExxonMobil Corp. (XOM) , Chevron Corp. (CVX) and DNO ASA (DNO) of Norway are among more than two dozen international oil companies with a combined 35 licenses in the Kurdish Regional Government area. The companies export about 350,000 barrels a day of crude, pumping it through a Turkish pipeline to the Mediterranean. Genel has spent more than $1 billion since 2012 on acquisitions in Kurdish-controlled northern Iraq […]