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Oil & Gas

Genel Energy receives US$42.4mln oil sales payment from KRG

It is still owed US$82mln from KRG for historic oil sales from November 2019 to February 2020 and the suspended override from March to December 2020

Genel Energy PLC (LSE:GENL, OTC:GEGYY) said all payments have now been received from the Kurdistan Regional Government (KRG) relating to oil sales during February 2022.

Genel’s share of the payments was US$42.4mln.

It said it was still owed US$82mln from KRG for historic oil sales from November 2019 to February 2020 and the suspended override from March to December 2020.

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