Gulf Keystone Receives another Payment for Shaikan

Source: www.gulfoilandgas.com 10/15/2015, Location: Middle East

Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, is pleased to confirm that a gross payment of US$15 million (US$12 million net to Gulf Keystone) for Shaikan crude oil exports has been received.

This October 2015 payment follows a similar payment in September 2015 and is in line with the statements made by the Kurdistan Regional Government in August and September 2015 regarding regular payments to the exporting international oil companies in the region.

Following the payment, the Company's current cash position is US$76.2 million. In line with its existing debt payment obligations, the Company is in the process of making interest payments of US$26.4 million.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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