21st Jun 2016 06:50
LONDON (Alliance News) - Genel Energy PLC on Tuesday said the partners on the Tawke oil field in Iraq have received a USD15.0 million payment from the Kurdistan regional government for May oil sales.
Genel said the payment reflects a part-settlement of the total USD39.3 million due for May oil sales from the Tawke field.
The payment will be shared pro-rata between Genel and partner DNO.
On Monday, Genel had said that its partners for the Taq Taq field in Kurdistan received a payment of USD10 million from the Kurdistan government for oil sales in May. Genel's net share of that payment was USD5.5 million.
By Sam Unsted; [email protected]; @SamUAtAlliance
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