Genel Receives Payment for KRI Oil Exports from Taq Taq Field

Source: www.gulfoilandgas.com 1/5/2016, Location: Middle East

Genel Energy plc (Genel) is pleased to announce that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government (KRG) for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. This represents the fourth export payment by the KRG since payments recommenced in September 2015. Genel’s share of the gross Taq Taq payment is $16.5 million.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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