Posted on 16 August 2013 .
By John Lee.
Shares in Gulf Keystone Petroleum (GKP) have gained around 10 percent this week on rumours of a takeover.
Bloomberg reports that, as the world’s biggest oil companies look for untapped fields, the company is sitting on a giant oil field in Iraqi Kurdistan that wouldn’t look out of place in a major’s portfolio.
With the KRG completing a pipeline for direct crude exports to Turkey by the end of the year, exports could be set to boom.
Chief Executive Todd Kozel (pictured), told Bloomberg:
“Exports are what we’ve been waiting for since 2007, so the pipeline is very big and instrumental for a company like Gulf Keystone.”
“We are a public company, and consolidation is the next phase in Kurdistan. But that’s not in our plans now.”
Dr. Mark A. DeWeaver
|Banks Signal Drop in Iraqi GDP||Ahmed Mousa Jiyad||Oil Prices – Economic Realities...|
|Ruth Lux||Baghdad’s Revenue-Sharing Deal: Avoiding a...||John Schnittker||Water and Wheat: ISIS Weapons?|
|Madeleine White||Iraq’s First Female Goodwill Ambassador||Robert Tollast||Iraq Britain Business Council: Accentuating...|