IN BRIEF: Genel Energy receives oil sales payment from Kurdistan
13th Feb 2023 11:26
Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - Receives all payments from the Kurdistan regional government relating to oil sales during August. In terms of payment breakdown, Tawke sales were USD20.2 million, Taq Taq sales were USD2.5 million, Sarta sales were USD2.2 million, and receivable recovery sales were USD6.5 million. Genel expects to receive a further USD13 million in 2023 relating to historic receivables from 2020. Read More