Gulf Keystone Petroleum Paid $12 Million By Kurdistan Government
October 15 2015 - 2:15AM
Dow Jones News
By Alex MacDonald
LONDON--Gulf Keystone Petroleum Ltd. (GKP.LN) said Thursday it
has received $12 million out of the $15 million paid by the
Kurdistan government of Iraq for crude oil from the Shaikan oil
field.
This is the second consecutive monthly payment that the regional
government has made for crude oil from the 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 $76.2 million. Gulf Keystone said it's in the process of making
interest payments of $26.4 million.
-Write to Alex MacDonald at alex.macdonald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 15, 2015 03:00 ET (07:00 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Mol Magyar Olay Es Gazipari Rt (PK) (OTCMarkets): 0 recent articles
More Mol Magyar Olaj-es Gazipari Rt (PC) News Articles