Genel Energy PLC (LON:GENL) announced it received payments from the Kurdistan Regional Government (KRG) relating to oil sales during April 2021.
Genel said it also received the outstanding payments relating to March's invoices.
READ: Genel Energy receives March oil payments from KRG
The company received US$3.1mln under the recovery mechanism and the Tawke override payment of US$8.2mln. Taken together with the payments announced on 26 May 2021, Genel received a total of US$31.1mln relating to oil sales during March 2021.
Following the receipt of these payments, Genel is now owed US$145mln from the KRG for oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.