Iraq-focused oil explorer Gulf Keystone Petroleum said today it planned to take over its joint venture in Kurdistan after its partner defaulted, in a deal requiring significant fundraising.
The company said today it was in talks with the Kurdistan Regional Government (KRG) regarding US$40 million of infrastructure support payments owed by its joint venture partner ETAMIC, a private investment fund in the Middle East. Gulf Keystone said it had negotiated with the KRG to pay it the sums owed in...More
published:11/03/2010 07:31 GMT
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