Gulf Keystone Petroleum Paid $12 Million By Kurdistan Government
January 06 2016 - 2:55AM
Dow Jones News
By Alex MacDonald
LONDON--Gulf Keystone Petroleum Ltd. (GFKSY) said Wednesday that
it has received $12 million out of the $15 million paid by the
Kurdistan regional government of Iraq for December crude oil
exports from the Shaikan field.
This marks the fourth consecutive gross payment for crude oil
exports from the Shaikan field since announcing in August that it
would resume back payments for oil exports from the region.
Gulf Keystone is the field operator with a 75% stake while MOL
Hungarian Oil and Gas PLC (MOL.BU) has a 20% stake and Texas
Keystone Inc. a 5% stake.
Following the payment, the Gulf Keystone's current cash position
is $58.4 million.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
January 06, 2016 02:40 ET (07:40 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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