By John Lee.
Genel Energy has announced 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)