Middle East

Genel receives payment for Iraq oil

Operations in Kurdistan

Genel Energy continued its receipt of payments for oil exported through the Kurdistan region of the Iraq-Turkey pipeline.

The company, one of the partners in the Tawke field received a gross payment of $9million as part of its share of $30 million for oil exported through pipeline.

Earlier this week Genel announced it had received a $16.5 million net payment for exports from the Taq Taq field.

Taq Taq and Tawke are Genel’s main assets.

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