Around US$50mln was invoiced for April oil sales from the Taq Taq and Tawke field, and so far payments totalling US$27mln have been received. The payment will be shared amongst Tawke field oil partneres, DNO and Genel.
Genel Energy, PLC had invoiced the Kurdistan Regional Government $50US million for April and has received, $27US million, as it was confirmed recently.
The invoice was originally for oil sales from the Taq Taq and Tawke oil fields in Iraqi Kurdistan. Genel has also confirmed $16US million has been paid to the partners of the Taqke oil field.
Production numbers for Tawke oil field, in which Genel has a 25% stake in, produced 118,918 bpd, and 117,815 was for export purposes. In March, the field produced 74,546 bpd. Genel also received an $11US million payment from KRG for sales in their 44% ownership of Taq Taq oil field.