Gulf Keystone receives $62.0 million from KRG


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SULAIMANI — Gulf Keystone Petroleum received a $62 million payment from the Kurdistan Region Government (KRG) for Shaikhan crude oil sales during March 2022, Gulf Keystone announced today (June 22) on its website.

The Shaikan oil field is one of the largest oil discoveries in the KRG, it has been in production since July 2013.

In March 2022, the company said that it aims to produce 44,000 to 50,000 barrels of oil per day in 2022.

In May, the company received $55.8 million for oil sales from the KRG.

(NRT Digital Media)