Genel Energy PLC: Receipt of payment for KRI oil exports
2 April 2020
Receipt of payment for KRI oil exports
The Taq Taq partners have received a gross payment of $10.3 million. Genel's net share of the payment is $5.6 million.
The Company has also received an override payment of $8.6 million from the KRG, representing 4.5% of Tawke gross licence revenues for the month of October 2019, as per the terms of the Receivable Settlement Agreement.
Taken together with the payment announced yesterday for Tawke licence exports in the month, Genel has received payments relating to exports in
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