Genel Energy Receives Payments for KRI Oil Sales

Source: www.gulfoilandgas.com 6/29/2021, Location: Middle East

Genel Energy plc has announced that payments have been received from the Kurdistan Regional Government ('KRG') relating to oil sales during April 2021.

Genel has also received both outstanding payments relating to March's invoices. The Company received $3.1 million under the recovery mechanism, and the Tawke override payment of $8.2 million. Taken together with the payments announced on 26 May 2021, Genel received a total of $31.1 million relating to oil sales during March 2021.

Following the receipt of these payments, Genel is now owed $145 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.


Netherlands/Holland >>  6/30/2022 - With the help of a syndicate of 12 international relationship banks, Vopak was able to successfully extend its EUR 1 billion senior unsecured revolvin...
Cameroon >>  6/29/2022 - Tower Resources plc, the AIM-listed oil and gas company with a focus on Africa, is pleased to provide an update on activity in respect of its Thali Pr...

United States >>  6/29/2022 - In order to go on with its expansion project, Permian Highway Pipeline, LLC (PHP) made a final investment decision (FID) after obtaining legally bindi...
Canada >>  6/27/2022 - Imperial Oil Limited (IMO) announced that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB)...

China >>  6/27/2022 - Ncondezi Energy Limited ("Ncondezi") (NCCL) is pleased to announce its audited final results for the year ended 31 December 2021.

...

France >>  6/27/2022 - As part of its remuneration policy, Bureau Veritas grants options to subscribe or to purchase shares (“Options”) and Performance shares (“Shares”) to ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.