Gulf Keystone Says Kurdistan Paid $15 Million For Shaikan Oil Exports
March 08 2016 - 3:46AM
Dow Jones News
By Alex MacDonald
LONDON--The Kurdistan regional government has made a gross
payment of $15 million on March 4 for crude oil exports from the
Shaikan field, the field operator Gulf Keystone Petroleum
Ltd.(GFKSY) said on Tuesday.
Following the payment, the company's current cash position is
$56 million.
Gulf Keystone owns a 75% stake in the field while MOL Hungarian
Oil and Gas PLC (MOL.BU) has a 20% stake and Texas Keystone Inc. a
5% stake.
-Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
March 08, 2016 04:31 ET (09:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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