UK markets closed
  • FTSE 100

    6,984.59
    -36.36 (-0.52%)
     
  • FTSE 250

    17,304.11
    -418.72 (-2.36%)
     
  • AIM

    823.27
    -4.62 (-0.56%)
     
  • GBP/EUR

    1.1194
    +0.0085 (+0.76%)
     
  • GBP/USD

    1.0771
    +0.0088 (+0.82%)
     
  • BTC-GBP

    18,652.18
    +891.69 (+5.02%)
     
  • CMC Crypto 200

    458.89
    -0.25 (-0.05%)
     
  • S&P 500

    3,659.67
    +4.63 (+0.13%)
     
  • DOW

    29,253.31
    -7.50 (-0.03%)
     
  • CRUDE OIL

    78.52
    +1.81 (+2.36%)
     
  • GOLD FUTURES

    1,645.00
    +11.60 (+0.71%)
     
  • NIKKEI 225

    26,571.87
    +140.32 (+0.53%)
     
  • HANG SENG

    17,860.31
    +5.17 (+0.03%)
     
  • DAX

    12,139.68
    -88.24 (-0.72%)
     
  • CAC 40

    5,753.82
    -15.57 (-0.27%)
     

Genel Energy PLC: Receipt of payments for KRI oil sales

·2-min read

Genel Energy PLC (GENL)
Genel Energy PLC: Receipt of payments for KRI oil sales
02-Sep-2022 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

2 September 2022

 

Genel Energy plc

 

Receipt of payments for KRI oil sales

 

Genel Energy plc ('Genel' or ‘the Company’) announces that all payments have now been received from the Kurdistan Regional Government (‘KRG’) relating to oil sales during May 2022.

 

Genel’s share of those payments is as follows:

 

(all figures $ million)

Payment

Tawke

23.1

Tawke override

14.4

Taq Taq

2.6

Sarta

4.0

Receivable recovery

12.2

Total

56.3

 

Following the receipt of the receivable recovery payment, Genel is now owed $46 million from the KRG for oil sales from November 2019 to February 2020 and the suspended override from April to December 2020.

 

-ends-

 

For further information, please contact:

 

Genel Energy

Andrew Benbow, Head of Communications

+44 20 7659 5100

 

 

Vigo Consulting

Patrick d’Ancona 

+44 20 7390 0230

 

Notes to editors:

 

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and progressive dividend. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.


ISIN:

JE00B55Q3P39, NO0010894330

Category Code:

MSCM

TIDM:

GENL

LEI Code:

549300IVCJDWC3LR8F94

Sequence No.:

185473

EQS News ID:

1433827


 

End of Announcement

EQS News Service

show this
show this