LONDON, June 29 (UPI) -- A new contract with the Kurdish government calls for domestic sales and exports of as much as 40,000 barrels of oil per day, Gulf Keystone Petroleum said.
The company, which has headquarters in London, said it was producing more than 40,000 barrels of oil per day from the Shaikan field in the Kurdish north of Iraq. With payment commitments from the Kurdish government in hand, the company said it has a six-month contract for domestic sales and exports between 12,000 and 40,000 bpd by truck across the border to the Turkish coast.