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IN BRIEF: Genel Energy receives oil sales payment from Kurdistan

ALN

Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - Receives all payments from the Kurdistan regional government relating to oil sales during August. In terms of payment breakdown, Tawke sales were $20.2 million, Taq Taq sales were $2.5 million, Sarta sales were $2.2 million, and receivable recovery sales were $6.5 million. Genel expects to receive a further $13 million in 2023 relating to historic receivables from 2020.

Current stock price: 124.80 pence

12-month change: down 15%

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