Genel Energy receives $10.4 million for KRG oil prod.

- Company’s net payment share amounts to $3.2 million

home > Upstream, Oil 28.05.2020 10:54 Sibel Morrow

Genel Energy, the Iraqi Kurdish Regional Government (KRG) focused oil company, received $10.4 million from the KRG for oil sales in April 2020, the company announced on Thursday.

In a statement, Genel Energy said the Taq Taq oil field partners received a gross payment of $1.9 million, with Genel's net payment share amounting to $1.1 million.

The partners of the Tawke field received a gross payment of $8.5 million, with Genel's net share of $2.1 million, it confirmed.

By Sibel Morrow

Anadolu Agency

energy@aa.com.tr

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