KEYFACT Energy
Genel Energy announces that payments have been received from the Kurdistan Regional Government ('KRG') relating to oil sales during July 2021.
Genel's share of those payments is as follows:
| (all figures $ million) | Payment |
| Tawke | 14.3 |
| Tawke override | 9.1 |
| Taq Taq | 1.9 |
| Sarta* | 2.6 |
| Receivable recovery | 4.9 |
| Total | 32.8 |
Following the receipt of the receivable recovery payment, Genel is now owed $132 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.
*Genel is awaiting confirmation from the operator, Chevron, that payment has been received. The Company expects this shortly and will not announce the payment separately.