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Monthly oil exports of over 412,000 BPD, selling at an average of $32.44 per barrel

7/20/2016 8:38:20 PM

Lower oil prices and “adverse geopolitical developments” have led GKP to default on debt obligations and cash flow problems.


According to North Oil Company (NOC) statement on 29th March 2016, this amount has accounted for 65% of Iraqi Kurdistan's total oil exports.


Kurdish Prime Minister, Nechirvan Barzani said low oil prices have dealt a "painful blow" to the regional economy.

3/18/2016 3:53:59 PM

Gulf Keystone Petroleum Ltd., which largely operates within Kurdistan has announced the company's shares have gone down 25%