Genel Energy confirm receipt of payment for KRI oil exports from Taq Taq field
Genel Energy plc (‘Genel’) is pleased to announce that the Taq Taq field partners have received a
gross payment of $30 million from the Kurdistan Regional Government (‘KRG’) for oil exported
through the Kurdistan Region of Iraq-Turkey pipeline. This represents the fourth export payment by
the KRG since payments recommenced in September 2015. Genel’s share of the gross Taq Taq
payment is $16.5 million.
Source: Genel Energy
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