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Gulf Keystone: arrears to the Government of Kurdistan Iraq amounting to $ 283 million
Thursday, 27 August 2015 12:17
Alsumaria News / Baghdad
announced Gulf Keystone Petroleum, one of the foreign oil operating in the territory of the production companies Kurdistan, Iraq, Thursday, that the Government of the Territory city with the amount of $ 283 million for oil sales. According to Reuters, quoting the company as saying that "the Government of the Territory city with the amount of $ 283 million for oil sales and other costs ", noting that it" has incurred a loss of $ 77.7 million in the first half of this year and that the liquidity balance of $ 63.9 million but will need more than half of this amount to repay their debts. "
CEO John Ferrier said in a statement that "Gulf Keystone is cautiously optimistic about the future." The company continued that "it is expected to achieve her field of oil Shikan level target for average production volume in the entire year, which ranges between 30 thousand and 34 thousand barrels a day." Announced Ministry of Natural Resources, at (August 27, 2015) will be allocated $ 100 million in oil revenues as payment for companies operating.
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Thursday, 27 August 2015 12:17
Alsumaria News / Baghdad
announced Gulf Keystone Petroleum, one of the foreign oil operating in the territory of the production companies Kurdistan, Iraq, Thursday, that the Government of the Territory city with the amount of $ 283 million for oil sales. According to Reuters, quoting the company as saying that "the Government of the Territory city with the amount of $ 283 million for oil sales and other costs ", noting that it" has incurred a loss of $ 77.7 million in the first half of this year and that the liquidity balance of $ 63.9 million but will need more than half of this amount to repay their debts. "
CEO John Ferrier said in a statement that "Gulf Keystone is cautiously optimistic about the future." The company continued that "it is expected to achieve her field of oil Shikan level target for average production volume in the entire year, which ranges between 30 thousand and 34 thousand barrels a day." Announced Ministry of Natural Resources, at (August 27, 2015) will be allocated $ 100 million in oil revenues as payment for companies operating.
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