LONDON, Sept 29 Gulf Keystone Petroleum,
one of the foreign oil firms present in Iraqi Kursdistan, has
received a long-awaited $15 million payment from the Kurdistan
Regional Government (KRG) for oil sales in July, the company
said on Thursday.
This follows news from fellow producer Genel on Wednesday
that the KRG had paid partners in the Taq Taq oil field for July
Gulf Keystone said it was continuing discussions with the
government about invoices from May, June and July.
The company, which is in the middle of a debt-for-equity
restructuring, now has a cash position $79.6 million following
the KRG payment, it said.
(Reporting by Karolin Schaps; Editing by David Goodman)