Gulf Keystone Petroleum paid $12 million by KurdistanStaff writer ▼ | January 7, 2016
Gulf Keystone Petroleum 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.
Gulf Keystone The fourth consecutive gross payment
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. ■