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Genel Energy PLC confirms US$32mln of oil payments for September

Genel Energy PLC (LSE:GENL, OTC:GEGYY) in a statement confirmed payments for oil sales in the Kurdistan region of Iraq for the month of July.

It received a total of US$32.8mln from the Kurdistan Regional Government

Some US$14.3mln was from the sale of oil produced at the Tawke field, plus US$9.1mln for the Tawke override facility. It received US$1.9mln for oil from the Taq Taq field and US$2.6mln from the Sarta field.

Genel noted that it is owed US$132mln from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.

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2021-10-07 04:20:00

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