Kurdish Reg. Gov. pays $54.32M for Tawke field oil ops.

- Norway's DNO, a Tawke field partner, receives September payment for crude oil sales from KRG

home > Oil, Finance 19.12.2017 13:17 Murat Temizer

Kurdish Reg. Gov. pays $54.32M for Tawke field oil ops.

Tawke field partners in the Kurdish Regional Government (KRG) received $54.32 million for September 2017 crude oil deliveries, Norway's DNO announced Tuesday.

According to field partner DNO, the funds will be shared pro-rata by DNO and partner Genel Energy.

DNO said that separately, a payment of $4.37 million from the KRG had been received net to DNO, representing three percent of gross Tawke license revenues for October 2017, as per the recent receivables settlement agreement.

DNO operates and has a 75 percent interest in the Tawke license.

By Murat Temizer

Anadolu Agency

energy@aa.com.tr

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