Receipt of payment for KRI oil exports
31 May 2016 Genel Energy plc Receipt of payment for KRI oil exports from Taq Taq field Genel Energy plc ('Genel') announces that the Taq Taq field partners have received a payment of $11.45 million from the Kurdistan Regional Government for oil sales during April 2016. The payment follows the receipt of $11 million as announced on 26 May 2016. The payment completes settlement of the invoiced amount of $22.45 million for April 2016 Taq Taq oil sales, an amount that incorporates $18.76 million towards contractor monthly entitlement and $3.69 million towards recovery of