Restart of Kurdistan crude exports via the Iraq-Turkiye Pipeline
Iraq, Sept. 26 -- Gulf Keystone is pleased to announce that the Company, along with several other International Oil Companies ("IOCs") operating in the Kurdistan Region of Iraq ("Kurdistan"), has signed agreements with the Kurdistan Regional Government ("KRG") and the Federal Government of Iraq ("FGI") to enable the restart of international crude exports from Kurdistan. Pipeline exports from the Shaikan Field are expected to restart in the coming days. The agreements to restart Kurdistan crude exports are in full compliance with Iraq's 2023-2025 Budget Law while maintaining the sanctity of Kurdistan's Production Sharing Contracts ("PSCs"). The Budget Law provides for an interim period, currently anticipated to be around three months, during...
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