Gulf Oil and Gas accountACCOUNT

Genel Energy PLC Receives Payment for KRI Oil Exports

Source: www.gulfoilandgas.com 1/8/2020, Location: Middle East

Genel Energy plc has announced that the Taq Taq partners have received a gross payment of $6.7 million from the Kurdistan Regional Government ('KRG') for oil sales during August 2019. Genel's net share of the payment is $3.6 million.

The Company has also received an override payment of $7.4 million from the KRG, representing 4.5% of Tawke gross licence revenues for the month of August 2019, as per the terms of the Receivable Settlement Agreement.

The Company will update on any further payments in the trading and operations update scheduled for 16 January.

Financials and Investment News in Iraq >>

Libya >>  9/23/2020 - The National Oil Corporation (NOC) reported oil, gas and condensates export revenues of USD38.2 million in July 2020, a hugely damaging drop compared ...
Norway >>  9/23/2020 - Reference is made to the stock exchange release on 22 September 2020 where Borr Drilling Limited announced an equity offering of USD 40-50 million in ...

United Kingdom >>  9/23/2020 - Angus Energy plc is pleased to announce that, with the support of Saltfleetby Energy Limited ("SEL"), its 49% partner in the Saltfleetby Gas Field (th...
Bermuda >>  9/22/2020 - TransAtlantic Petroleum Ltd. announced that the Company has entered into an Amended and Restated Loan and Security Agreement.

Amended and ...


South Africa >>  9/22/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces that it has successfully completed th...
United Arab Emirates >>  9/22/2020 - Shelf Drilling, Ltd. announced that Shelf Drilling Holdings, Ltd. (“SDHL”), one of its indirect, wholly-owned subsidiaries, has entered into an amendm...

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  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.