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BUZZ-Genel: Soars after Kurdistan says to make oil payments

Reuters - UK Focus

** Oil producer Genel up 10 pct, best day since December, after the Kurdistan Regional Government says it will begin making monthly payments to international oil firms from September

** Smaller rival Gulf Keystone up as much as 20 pct after the news

** Genel bouncing from record lows, while Gulf Keystone recovers from levels last seen in Aug. 2009

** Heavy volumes seen on both stocks, with more than 3x their daily avg having gone through after the news

** Both cos mainly produce oil in Iraqi Kurdistan and have been hurt by a delay in payments for oil exports from the region's government

** Norway's DNO (Oslo: DNOFUT.OL - news) up 15.2 pct, with 4x its daily avg volume having gone through (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)