View Full Version : Genel Energy Receives Payment for Exports

Investors Iraq News
06-13-2017, 09:53 AM
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $15.24 million from the Kurdistan Regional Government (‘KRG’) for oil sales during March 2017.
Genel’s net share of the payment is $8.38 million.
The payment reflects full settlement of the invoiced amount for March 2017 oil sales, and incorporates $13.76 million towards contractor monthly entitlement and $1.48 million towards recovery of historical receivables.
Gross oil sales from the Taq Taq field in March 2017 averaged 20,417 bopd, including both exports and Bazian refinery deliveries.
(Source: Genel Energy)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2017/06/13/genel-energy-receives-payment-for-exports/)

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