View Full Version : KRG pays Genel under Receivable Settlement Agreement

Investors Iraq News
02-17-2018, 11:58 PM
Genel Energy plc has announced that it has received an override payment of $7.05 million from the Kurdistan Regional Government (KRG).
The payment represents 4.5% of Tawke gross field revenues for the month of November 2017, as per the terms of the Receivable Settlement Agreement.*
Taken together with the monthly entitlement payments for Taq Taq and Tawke announced yesterday, Genel’s net share of payments relating to November 2017 exports totals $26.81 million.
(Source: Genel Energy)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2018/02/18/krg-pays-genel-under-receivable-settlement-agreement/)

Post your commentary below.