Reuters logo
BUZZ-Gulf Keystone: receives $12 mln for Kurdistan oil
October 15, 2015 / 8:29 AM / 2 years ago

BUZZ-Gulf Keystone: receives $12 mln for Kurdistan oil

** Gulf Keystone Petroleum (GKP), one amongst a handful of oil and gas producers operating in Iraq’s autonomous Kurdistan region, up almost 8 pct

** Co says receives $12 mln net payment ($15 mln gross) from Kurdistan Regional Government in relation to Shaikan crude oil exports

** News marks a positive for GKP in long-running payment tussle with the Kurdistan Regional Government, who owes cos producing in region millions of dollars collectively

** Genel, another producer in region, up c.7 pct

** GKP has previously said it was owed $238 mln for oil sales and other costs, while Genel indicated dues of $378.4 mln

** GKP and Genel top gainers on positive Thomson Reuters UK Oil & Gas Index

** Oil nearing $49 per barrel on Thursday, staying weak after a jump in U.S. stockpiles shown in industry data the day before (RM:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below