Gulf Keystone inks Shaikan crude supply deal with KRG

摘要

London-Gulf Keystone Petroleum has signed a supply deal for Shaikan crude with the Kurdistan Regional Government, the operator of the 40,000 b/d field said Tuesday. The oil operator signed a crude oil sales agreement, on behalf of the Shaikan contractors, with the Kurdistan Regional Government, where KRG will purchase Shaikan crude oil at the monthly average of Dated Brent minus $22/b for “quality discount, as well as domestic and international transportation costs.” “This discount is based on the same variables contained within other oil sales agreements in the Kurdistan Region of Iraq,” the statement added.