Genel Energy banks November’s receipts for oil sales

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Genel Energy PLC (LON:GENL) has received payment from the Kurdistan Regional Government for oil sales during November 2020.

The operator of the Taq Taq field in Kurdistan said the Taq Taq partners have received a gross payment of US$3.8mln, of which Genel will pocket US$2.1mln.

At the Tawke field, the partners have received a gross payment of US$38.5mln; Genel’s net share of the payment is US$9.4mln.

Genel said sales from the Sarta field will be included in invoices relating to December 2020 onwards.

READ Genel Energy updates on Sarta field as crude liftings begin

Shares in Genel were up 1.3% at 144.4p.

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