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.”
But added:
“We are a public company, and consolidation is the next phase in Kurdistan. But that’s not in our plans now.”
(Source: Bloomberg)
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ladyboy21 16th August 2013 at 12:59 #
RT @iraqbiznews: GKP Rises on Takeover Rumours: By John Lee.
Shares in Gulf Keystone Petroleum (GKP) have ga... http://t.co/VaJNUspIIB
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IraqDaily 18th August 2013 at 08:00 #
GKP Rises on Takeover Rumours http://t.co/WP9HcqmZ4k #Iraq
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Investment News: Gulf Keystone Petroleum, Whitbread, Netplay TV & more | TheInvestmentMan 10th September 2013 at 09:28 #
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