Genel Energy warns of lower-end 2016 revenue after weak production

Genel Energy , one of the main oil producers in Iraqi Kurdistan, warned on Wednesday its full-year revenue would be at the lower end of its $200 (164 million pound) to $230 million target because of weaker output from two key fields. The oil producers' receivables from the Kurdistan Regional Government (KRG), which pays domestic oil producers for exports, rose to $437 million at the end of September, compared with $412 million at the end of June. The KRG, which had been paying foreign producers