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March 27 (Reuters) - Oil production in Iraq's semi-autonomous Kurdistan region (KRI) is at risk after a halt in northern exports has forced firms operating there to divert crude to storage, where capacity is limited.
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(Sharecast News) - Exploration and production firm Gulf Keystone Petroleum revealed on Monday that its main export route out of the Kurdistan region of northern Iraq has been shut-in.
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(Alliance News) - Gulf Keystone Petroleum Ltd and Genel Energy PLC both noted that Turkey closed the Iraq-Turkey pipeline after the International Chamber of Commerce ruled in favour of Baghdad in an arbitration case against Iraq's autonomous Kurdistan region.
Read more(Alliance News) - Stock prices in London opened higher, as the banking sector remains in the spotlight following news of the acquisition of assets of Silicon Valley Bank in the US.
Read more(Alliance News) - Stock prices in London were largely lower at midday on Thursday, raised UK interest rates by 25 basis points on Thursday, as widely expected, and indicated that further tightening in monetary policy may be required.
Read more(Alliance News) - Gulf Keystone Petroleum Ltd on Thursday said that higher oil price and production allowed it to generate "record" profitability in 2022.
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
Read more(Alliance News) - Stocks in London were set to open lower on Thursday as market attention turned to the Bank of England's interest rate decision, due at midday, a day after the US Federal Reserve lifted US rates by 25 basis points.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read moreGulf Keystone Petroleum Ltd - Bermuda-based oil & gas exploration company - Receives notification that the export pipeline to Ceyhan in southern Turkey and operations at the Ceyhan terminal have been temporarily suspended, following the earthquakes in Turkey and Syria on Monday. Ceyhan is about 100 miles west of Gaziantep, which is about 20 miles east of the epicentre of the larger earthquake.
Read moreGulf Keystone Petroleum Ltd - Bermuda-based oil & gas exploration company - Says gross average production for 2022 amounts to 44,202 barrels of oil per day, in line with guidance. This is up from 43,440 bopd the year before. Gross average production in 2023-to-date is about 47,800 bopd, with the recent increase driven by "the gradual ramp up of SH-16," Gulf Keystone says. Expects 2022 net capital expenditure of USD115 million, which includes drilling costs of USD65 million, facilities and future well pad preparation costs of USD35 million, and intervention costs of USD15 million.
Read moreGulf Keystone Petroleum Ltd - Bermuda-based oil & gas exploration company - confirms that it has received a gross payment of USD49.5 million, USD38.8 million net to the company, from the Kurdistan Regional Government for sales of Shaikan crude oil sales made in August last year.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read moreDec 14 (Reuters) - Most major stock markets in the Gulf rose in early trade on Wednesday after cooling U.S. inflation lifted expectations the Federal Reserve would slow its pace of interest rate hikes.
Read moreDec 6 (Reuters) - Qatar's stock market led declines in much of the Gulf region on Tuesday amid volatile energy prices, while concerns about a prolonged rate-hiking cycle by the U.S. Federal Reserve kept investors at bay.
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