Genel Energy: Tawke delivering "Significant Cash Generation"
Iraq Business News: Oil & Gas
MARCH 18, 2025
Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in 2025 we expect the cash generated by the Tawke PSC to continue to cover our costs. All Genel production in 2024 came from the Tawke PSC and was sold into the domestic market at average $35/bbl (2023: $47/bbl). Production costs (17.6) (18.0)
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