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Genel Energy announces receipt of payments for KRI oil sales

28/01/2021

Genel Energy have been received from the Kurdistan Regional Government for oil sales during December 2020. 

The Tawke partners have received a gross payment of $43.1 million, with Genel's net share of the payment being $10.5 million. 

The Sarta partners have received a gross payment of $2.9 million, with Genel's net share of the payment being $1.4 million.

Payment for Taq Taq is expected in coming days following a reconciliation of 2020 costs. This payment will not be announced separately.

KeyFacts Energy: Genel Energy Iraq country profile

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