Genel Vitality has introduced that the Taq Taq area companions have obtained a gross cost of $15.24 million from the Kurdistan Regional Authorities (‘KRG’) for oil gross sales throughout March 2017.
Genel’s internet share of the cost is $eight.38 million.
The cost displays full settlement of the invoiced quantity for March 2017 oil gross sales, and incorporates $13.76 million in direction of contractor month-to-month entitlement and $1.48 million in direction of restoration of historic receivables.
Gross oil gross sales from the Taq Taq area in March 2017 averaged 20,417 bopd, together with each exports and Bazian refinery deliveries.
(Supply: Genel Vitality)