Genel Energy Confirms Taq Taq Payment

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)

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