Source: www.gulfoilandgas.com 8/25/2022, Location: Middle East
Gulf Keystone confirms that a gross payment of $56.1 million ($43.9 million net to GKP) has been received from the Kurdistan Regional Government ("KRG"). The payment is comprised of gross $58.2 million ( $45.5 million net to GKP) for Shaikan crude oil sales during May 2022 and a gross adjustment of $2.1 million ( $1.6 million net to GKP) related to a backdated pipeline tariff increase for 2021.
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