Genel confirms fourth payment for Taq Taq
Kurdistan Region of Iraq As a joint operator of the Taq Taq field in the Kurdistan Region of Iraq, Genel Energy received $30 million for crude oil exported by pipeline. The company’s share was reported to be $16.5 million.
Genel Energy and operators Gulf Keystone and DNO jointly produce 300,000 barrels a day and are owed a total of $1.7 billion for previous exports.
This move is part of the Kurdistan Regional Government’s regular payments, which began in September 2015, to oil producers operating in the area.
For more news and features on the Kurdistan Region of Iraq, click here.
Recent Posts
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule enters Namibia’s Orange Basin
Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More