Gulf Keystone paid $15mn by KRG

Company owed money for work carried out on Shaikan field

KRG is alleged to owe billions of dollars to oil firms.
KRG is alleged to owe billions of dollars to oil firms.

Gulf Keystone Petroleum has revealed that it was paid $15mn was received from the Kurdistan Regional Government on 4 March.

The company is owed revenues from work it carried out on the Shaikan field

Following the payment, the company said its current cash position is $56mn.

In December last year, Dana Gas said the company and two other consortium members were owed more than $11bn by KRG.
 

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