Receipt of payment for KRI oil exports
5 January 2016 Genel Energy plc Receipt of payment for KRI oil exports from Taq Taq field Genel Energy plc ('Genel') is pleased to announce that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Government ('KRG') for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. This represents the fourth export payment by the KRG since payments recommenced in September 2015. Genel's share of the gross Taq Taq payment is $16.5 million. -ends- For further information, please contact: Genel EnergyPhil Corbett, Head