Genel Energy and DNO, partners in Iraqi Kurdistan Regional Government (KRG)’s oil fields said they’ve received payments from sales during July.
KRG has faced turmoil after a referendum for independence - neighbouring Turkey and Iraqi government have threatened halting of crude transport to and from the region.
UK’s Genel and partners in the Taq Taq field received US$10.39 million from KRG for July’s sales which grossed an average of 14,873 barrels of oil per day, it said in a statement.
These including both exports and Brazilian refinery deliveries with Genel’s net share of payments received being $5.71 million.
DNO, Norwegian oil and gas exporter, in a separate statement said it received payments of $39.5 from KRG for crude sales to the export market from the Tawke license. The funds will be shared pro-rata by DNO and its partner Genel Energy.