04 Nov 2012
(MENAFN) London-based oil exploration firm Gulf Keystone Petroleum Limited announced the resumption of crude output in Kurdistan, Reuters reported.
According to industry sources, the company is now pumping 5,000 to 7,000 barrels of oil per day (bpd) for sale on the domestic market and is developing its Shaikan field to boost production to around 40,000 bpd by mid-2013, some of which may be exported.
The Shaikan field is Gulf Keystone’s prize asset, from which it aims to produce as much as 150,000 bpd by 2015.
In May, Kurdstan Regional Government (KRG) has ordered Gulf Keystone to halt production amid long-running dispute with Baghdad, which lead earlier this year to a disruption in payments to operators in the northern region.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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