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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 94.20

Bid: 93.60

Ask: 94.70

Change: 2.10 (2.28%)

Spread: 1.10 (1.175%)

Open: 91.00

High: 94.60

Low: 91.00

Prev. Close: 92.10

GENL Live Price

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Genel Receives USD8.5 Million Payment For Kurdistan Oil Sales In May

Fri, 19th Jun 2020 11:45

(Alliance News) - Genel Energy PLC on Friday said it has received USD8.5 million in payments from the Kurdistan regional government for oil sales during May.

The London-headquartered oil production company said that the regional government paid Taq Taq partners a total of USD3.4 million, with Genel's net share amounting to USD1.9 million.

It added that the Tawke field partners have received a gross payment of USD26.8 million with Genel's share being USD6.6 million.

Genel stock was trading 0.5% lower at 123.00 pence each on Friday morning in London and is down 35% since the start of the year.

By Ife Taiwo; ifetaiwo@alliancenews.com.

Copyright 2020 Alliance News Limited. All Rights Reserved.

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