(MENAFN- ProactiveInvestors)Genel Energy Plc (LON:GENL) has told investors that some US$20mln has been received by the partners in the Tawke oil field in the Kurdistan region of Northern Iraq. DNO Tawke's operator received US$16.87mln gross from the Kurdistan Regional Government for March crude oil deliveries to export and local markets Genel said. A further US$3.24mln gross payment was also received towards the recovery of outstanding entitlements for past deliveries it added. It was confirmed that the partners would receive a pro-rata allocation of the funds – i.e. Genel will get 25% of the payment for its 25% stake in the field. Deliveries for export in March from the Tawke field averaged 74546 barrels of oil per day up from 66427 bopd in the preceding month (which was impacted by disruption to the export pipeline through Turkey). Genel said that crude delivery into the domestic Kurdistan market amounted to 4446 bopd down from 6697 bopd in February. It clarified that for the purposes or pricing and entitlement payments in March domestic sales were treated as exports. In April so far Tawke crude deliveries have increased further to average 117256 bopd.
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