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Gulf Keystone sign a contract for the sale of oil in the Kurdistan Region
Monday 29-06-2015 | 10:50:32
Twilight News / Gulf Keystone Petroleum said on Monday it has signed a six-month contract with the buyer of crude oil in the Kurdistan Region to enhance the prospects of the cash flows of the company that still has oil dues when the Government of the Territory.
The company said that under the new contract will supply Gulf Keystone between 12 thousand and 40 thousand barrels per day to a local buyer did not reveal his name.
She said she has already received an amount of $ 4.9 million for the first oil shipments to the buyer who did not remember his name.
This transaction will help to strengthen Gulf Keystone budget which recorded a cash flow of $ 68.7 million as of June 26.
The oil company indicated that it continues discussions with the Kurdistan Regional Government to develop a plan for regular payment of dues for purchases of crude oil.
Gulf Keystone said that the oil field operated by Sheikhan currently produces more than 40 thousand barrels per day after the repair of a technical failure
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Monday 29-06-2015 | 10:50:32
Twilight News / Gulf Keystone Petroleum said on Monday it has signed a six-month contract with the buyer of crude oil in the Kurdistan Region to enhance the prospects of the cash flows of the company that still has oil dues when the Government of the Territory.
The company said that under the new contract will supply Gulf Keystone between 12 thousand and 40 thousand barrels per day to a local buyer did not reveal his name.
She said she has already received an amount of $ 4.9 million for the first oil shipments to the buyer who did not remember his name.
This transaction will help to strengthen Gulf Keystone budget which recorded a cash flow of $ 68.7 million as of June 26.
The oil company indicated that it continues discussions with the Kurdistan Regional Government to develop a plan for regular payment of dues for purchases of crude oil.
Gulf Keystone said that the oil field operated by Sheikhan currently produces more than 40 thousand barrels per day after the repair of a technical failure
[You must be registered and logged in to see this link.]
