The Kurdish Regional Government (KRG) made a gross payment of $9.23 million to Taq Taq field partners for oil sales in December 2017, Genel Energy announced Wednesday.
Genel Energy's net share of the payment for Taq Taq oil sales in Decembert was $5.08 million, the statement said.
'This payment includes a downwards adjustment of $1.54 million, reconciling previous payments with PSC [production sharing contract] entitlement for the months of August to December 2017,' the company said in the statement.
By Huseyin Erdogan
Anadolu Agency
energy@aa.com.tr