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Genel Energy update on payments for KRI oil sales

11/03/2022

Genel Energy announces that all payments have now been received from the Kurdistan Regional Government ('KRG') relating to oil sales during November 2021. 

Genel's share of those payments is as follows:

 (all figures $ million)  Payment
 Tawke  16.9
 Tawke override  10.4
 Taq Taq  2.0
 Sarta  2.4
 Receivable recovery  6.2
 Total  37.9


Following the receipt of the receivable recovery payment, Genel is now owed $111 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020. 

KeyFacts Energy: Genel Energy Iraq country profile 

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