Gulf Keystone ordered to temporarily shut-in production operations

(Sharecast News) - Exploration and production firm Gulf Keystone said on Monday that it has temporarily shut-in production operations and taken measures to protect staff in light of the "developing regional security environment".

Gulf Keystone, which operates in the Kurdistan Region of Iraq, said it was "closely monitoring the situation" and will provide further updates as appropriate.

The London-listed firm added that its assets have not been impacted.

As of 0825 GMT, Gulf Keystone shares had sunk 8.13% to 192p.

Reporting by Iain Gilbert at Sharecast.com

Gulf Keystone Petroleum