Receipt of payment for KRI oil exports
15 February 2018 Genel Energy plc Receipt of payment for KRI oil exports Genel Energy plc (‘Genel’) announces that the Taq Taq partners have received a gross payment of $11.05 million from the Kurdistan Regional Government (‘KRG’) for oil sales during November 2017. Genel’s net share of the payment is $6.08 million. Genel also notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $54.73 million from the KRG as payment for November 2017 crude oil deliveries to the export market from the Tawke licence. Genel's net share of the