Energy Country Review: Complimentary 7-day trial

  • News-alert sign up
  • Contact us

Genel Energy announces receipt of payments for KRI oil sales

26/07/2022

Genel Energy announces that all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during April 2022. 

Genel’s share of those payments is as follows:

 (all figures $ million)  Payment
 Tawke  19.9
 Tawke override  12.7
 Taq Taq  2.3
 Sarta  3.7
 Receivable recovery  10.2
 Total  48.8

Following the receipt of the receivable recovery payment, Genel is now owed $58 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from April to December 2020.

KeyFacts Energy: Genel Energy Iraq country profile 

Tags:
< Previous Next >