Genel Energy receives $11.5m in payments for KRI oil sales in November

Genel Energy said on Tuesday that it had received payments from the Kurdistan Regional Government for oil sales in November.

The Taq Taq partners have received a gross payment of $3.8m, with Genel's net share of the payment being $2.1m. Meanwhile, the Tawke partners have received a gross payment of $38.5m, with Genel's net share being $9.4m.

Genel said sales from the Sarta field will be included in invoices relating to December onwards.