Genel Energy has said it has received a share of $23.37million from the Kurdisatn Regional Government for oil sales during July this year.
The total payment is for the partners in the Taq Taq field with Genel netting a $12.85million share.
Gross oils sales from the Taq Taq field in July averaged 61,788 barrels of oil per day.
The average price from July was $45.10bbl.
As agreed with the Kurdistan Regional Government, sales to the Bazian refinery during that month were invoiced at the wellhead export netback price in line with the payment mechanism announced in February.