Shaikan

Oil & Gas

Gulf Keystone boosted by strong revenue and production results

Gulf Keystone has posted strong results as its revenues increased by 61% from $18.7million to $30.1million from the same time last year. The company revealed its losses after tax were also down from $248.2million to $77.7million. Gulf Keystone said it had strong production performance from its Shaikan operations in the Kurdistan Region of Iraq where it acts as operator with a 75% working interest.