Genel Energy, received more than $ 16 million from the government of the Kurdistan Region


Roudao - Erbil

Announced Genel Energy Company (British - Turkish) a foreign oil operating companies in the Kurdistan Region, on Friday, said that the operators of Taq Taq field partners they received payment of $ 16.3 million in dues to the KRG for oil exports.

And those payments come in the framework of the strategy announced by the government of Kurdistan earlier this week to begin to pay dues to oil companies, according to the terms of the contract with them instead of the temporary payment arrangements pursued since September.

Genel said it and its partner Addax Petroleum also Tlgueta $ 3.2 million covering five percent of the total monthly net return to their fields which additional payments Kurdistan government announced its commitment in its new strategy to pay dues.