Genel receives payment for KRI oil exports

Genel Energy said the Taq Taq field partners have received a gross payment of $17.46 million from the Kurdistan Regional Government for oil sales during December.

Genel’s net share of the payment is $9.60 million.

The payment reflects full settlement of the invoiced amount for December oil sales, and incorporates $14.59 million towards contractor monthly entitlement and $2.87 million towards recovery of historical receivables.

At 9:21am: (LON:GENL) Genel Energy PLC share price was +0.25p at 81.25p

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