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Genel Energy Receives Payment for KRI Oil Exports

Source: www.gulfoilandgas.com 2/15/2018, Location: Middle East

Genel Energy plc has announces that the Taq Taq partners have received a gross payment of US$11.05 million from the Kurdistan Regional Government ('KRG') for oil sales during November 2017. Genel's net share of the payment is US$6.08 million.

Genel also notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received US$54.73 million from the KRG as payment for November 2017 crude oil deliveries to the export market from the Tawke licence. Genel's net share of the payment is US$13.68 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 

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