Genel Energy Inc. said Tuesday it lowered the outlook for future revenues and volume pilot production this year after reduced production from fields due to lack of oil export payments and weak prices.
And reduced "Genel / one of the major producers of oil in the Kurdistan region of Iraq / outlook for future production level in 2015 between five thousand and ten thousand barrels per day to between 85 thousand and 90 thousand barrels a day also reduced its forecast for revenue year to between 350 million and $ 375 million on the basis of the price of $ 50 for a barrel of Brent crude oil. "
The company said that "the Government of the Territory dues amounted to $ 409 million in the September 30 match of the exported oil fields."
The company said it "expects an imminent payments valued at $ 24.5 million, compared to oil exported in September" .anthy 29 / d 25
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