Genel Energy Receives Payment for Exports

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Genel Vitality has introduced that the Taq Taq subject companions have acquired a gross fee of $15.24 million from the Kurdistan Regional Authorities (‘KRG’) for oil gross sales throughout March 2017.

Genel’s web share of the fee is $eight.38 million.

The fee displays full settlement of the invoiced quantity for March 2017 oil gross sales, and incorporates $13.76 million in the direction of contractor month-to-month entitlement and $1.48 million in the direction of restoration of historic receivables.

Gross oil gross sales from the Taq Taq subject in March 2017 averaged 20,417 bopd, together with each exports and Bazian refinery deliveries.

(Supply: Genel Vitality)