IN BRIEF: Gulf Keystone halts Kurdistan oil production due to Iran war

Gulf Keystone Petroleum Ltd - London-based energy producer in Iraq - Temporarily halts production at the Shaikan field in Iraq "in light of the developing regional security environment", referring to the US and Israeli attack on Iran on Saturday and the retaliatory attacks that have followed throughout the Middle East. Gulf Keystone says it took the measure to protect staff but says its assets have not been affected.

The Shaikan oil field are located about 60 kilometres northwest of Erbil. Gulf Keystone is the operate with a 75% stake, alongside Hungary-based minority partner MOL. In 2025, gross average production was 41,560 barrels of oil per day.

Current stock price: 196.00 pence, down 6.2% on Monday morning in London.

12-month range: up 5.1%

By Martin Miraglia, Alliance News reporter

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