Genel expects $150 million for Kurdish oil

摘要

Dubai—Genel Energy expects to receive $150 million in payments from the Kurdistan Regional Government for oil exports in 2011 and the first quarter of 2012, following a September agreement between the KRG and Baghdad, senior executives of the company said. “The sum we’re expecting to receive is $150 million, and that would be a significant part of what we’re owed,” Tony Hayward, CEO of the Anglo-Turkish independent, said October 10 in answer to a question following a webcast presentation to investors and analysts.