Tag Archives | Bazian

DNO and Genel report Payment for Oil Exports

By John Lee. Norway’s DNO has reported receipt of $40.66 million from the Kurdistan Regional Government (KRG) as payment towards April 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy, include $34.10 million towards monthly deliveries and $6.56 million towards […]

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Genel Energy is paid for Taq Taq Sales; Shares Fall

By John Lee. Genel Energy has announced that the Taq Taq field partners have received a payment of $11 million from the Kurdistan Regional Government for oil sales during April 2016. Genel’s net share of the partial payment for April 2016 Taq Taq oil sales is $6.05 million. The payment reflects part settlement of the […]

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Genel Energy confirms Taq Taq Payment

Genel Energy has announced that the Taq Taq field partners have received a gross payment of $19.88 million from the Kurdistan Regional Government (‘KRG’) for oil sales during March 2016. Genel’s share of the gross Taq Taq payment is $10.93 million. As agreed with the KRG, sales into the local market and deliveries to the […]

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Qaiwan secures $105m Loans for Iraq Power Plant

By John Lee. Kurdistan’s Qaiwan Group has secured two loans totalling $105 million to refinance part of the firm’s investment in the 442-MW Bazian Power Plant (pictured). According to a report from Trade Arabia, Deutsche Bank has arranged an eight-year $75-million buyer credit, along with the Dubai branch of Lebanon’s Bankmed. The finance is being […]

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Genel Energy Receives Payment for Taq Taq

By John Lee. Genel Energy plc has announced that the Taq Taq field partners have received a gross payment of $12.6 million from the Kurdistan Regional Government (‘KRG’) for oil sales during February 2016. Genel’s share of the gross Taq Taq payment is $6.9 million. As agreed with the KRG, sales into the local market […]

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