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IN BRIEF: Gulf Keystone announces restart of Shaikan field exports

ALN

Gulf Keystone Petroleum Ltd - Bermuda-registered oil producer focused on the Kurdistan region of Iraq - On Monday, announces restart of crude exports from the Shaikan field via the Iraq-Turkey pipeline, which happened on Saturday. Export volumes are anticipated to reach full capacity in the next few days, based on the continued ramp-up of pipeline availability, Gulf Keystone says. Gross production averaged around 40,900 barrels of oil per day so far in 2025, being from January 1 to September 27. The 2025 gross average production guidance remains at between 40,000 and 42,000 barrels of oil per day, similar to an average of 40,689 barrels of oil per day in 2024.

Turkey had closed the Iraq-Turkey pipeline back in March 2023 after the International Chamber of Commerce ruled in favour of Baghdad in an arbitration case against Iraq’s autonomous Kurdistan region.

Current stock price: 219.38 pence each, down 2.3% on Wednesday afternoon in London

12-month change: up 87%

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