Anglo - Turkish independent Genel Energy said Thursday it expects regular payments from the Kurdistan Regional Government (KRG) in Iraq to continue in the second half of the year and reaffirmed its output guidance for 2016 as it reported a $4.2 million first - half loss ( IOD Jul.8'16 ). Nine consecutive KRG monthly payments for oil exports, from September 2015 to June 2016, have delivered $193 million in cash proceeds, Genel CEO Murat Ozgul said in a statement. The amount owed by the KRG rose to $412.4 million as of Jun. 30, from $379.7 million a year earlier, but down from $423 million at end - 2015.
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