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IN BRIEF: Genel receives USD56.3 million from Kurdistan for May oil

Fri, 02nd Sep 2022 12:20

Genel Energy PLC - London-based oil company focused on the Kurdistan region - Receives a total payment of USD56.3 million from the Kurdistan regional government relating to oil sales during May. Notes that it is now owed USD46 million by Kurdistan for oil sales from November 2019 to February 2020 and a suspended override from March to December 2020, reduced by 21% from USD58 million owed in late July.

Current stock price: 143.60 pence, down 0.8% on Friday

12-month change: up 11%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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