Kurdistan pays-out to Gulf Keystone Petroleum
The Kurdistan Regional Government has paid $8million to Gulf Keystone Petroleum.
The Kurdistan Regional Government has paid $8million to Gulf Keystone Petroleum.
Genel Energy said a payment of $24.28million has been received from the Kurdistan Regional Government for oil sales during last month.
Genel Energy has confirmed that Tawke field partners have received a payment of $15million from the Kurdistan Regional Government for oil sales during May 2016.
Genel Energy said it has received a $5.5million from the Kurdistan regional government for oil sales in May.
Iraq's Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 billion, a spokesman for the Kurdistan Regional Government (KRG) said.
Genel Energy said the Taq Taq field partners have received a payment of $11.45 million from the Kurdistan Regional Government for oil sales during April 2016.
Gulf Keystone Petroleum said its has received the latest gross payment of $6million from the Kurdistan Regional Government for Shaikan crude oil exports in April 2016.
Genel Energy, operator of the Tawke field, confirmed the field partners have received $16 million from the Kurdistan Regional Government for oil sales during April 2016.
Genel Enegy has received a $6.1million payment for its Taq Taq field.
Gulf Keystone has reached an agreement with its bondholders to make use of good grace for April coupon payments.
Genel Energy has received $13million from the Kurdistan Regional Government as its share of March oil payments from the Taq Taq field in Northern Iraq.
The man nominated to be Iraq's new oil minister is a Kurdish petroleum geologist who could end a bitter dispute with the northern self-rule region and free up more oil exports through a pipeline to Turkey.
Genel Energy has confirmed it is buying back $55.4million of bonds with a big chunk taken off their face value.
Troubled oil and gas explorer Genel Energy has received received a gross payment of $12.6 million from the Kurdistan Regional Government for oil sales during February 2016.
Genel Energy has downgraded estimated reserves from its assets in Iraq.
Gulf Keystone Petroleum Ltd. fell to a seven-year low in London trading after saying its future depends on obtaining new funds and restructuring the balance sheet as bond repayments loom.
Genel Energy, the UK oil producer operating in Iraq’s Kurdish region, fell by a record in London trading after cutting the reserves estimate for its largest field by almost half.
Gulf Keystone Petroleum said the Kurdistan Regional Government has authorised a payment of $15million to the company.
Norwegian operator DNO said it has received receipt of $21.45million from the Kurdistan Regional Government for exports from the Tawke field.
Genel Energy has received its fifth consecutive monthly payment for the oil its exports out of the country from the Taq Taq field in the Kurdistan region of Iraq, as well as a backpayment for oil that was previously exported.
Shares of Gulf Keystone, Genel Energy and DNO rose after the Kurdistan Regional Government clarified its system of export payments to foreign oil companies.
Gulf Keystone has revealed that Hungarian oil and gas firm MOL has relinquished the licence covering the Akri-Bijeel block in Iraq,.
Genel Energy has confirmed that the Taq Taq field partners have recieved a $30million export payment from the Kurdistan Regional Government in Iraq for oil exported through the Kurdistan region of Iraq-Turkey pipeline.
Iraq’s Kurdish region, where Genel Energy Plc and DNO ASA pump oil, delayed a target to produce 1 million barrels a day as the cost of fighting Islamic State militants saps resources.
The Kurdistan Regional Government has made the third consecutive payment to companies producing in the region this month.