Genel sticks to dividend growth plans as KRG payments resume
Share:
LONDON (Reuters) - London-listed oil and gas producer Genel said on Thursday it expected free cash flow of around $100 million (76.68 million pounds) in 2020 would underpin planned growth in dividends, despite delayed payments from authorities in Iraqi Kurdistan.Genel, which started paying dividends last year distributing $42 million, said it expected all outstanding amounts from the Kurdistan Regional Government (KRG) owed to it under production contracts would be paid in the first quarter.It..