Gulf Keystone Hits Algeria Exit Hurdles in Bid to Focus on Kurdistan

摘要

Attempts by the UK's Gulf Keystone to quit Algeria to focus on developing and expanding in the Kurdistan region of northern Iraq are running into problems. The company announced Monday it faces a $7.5 million claim from BG, its partner in Algeria's Hassi Ba Hamou (HBH) license, where Gulf Keystone last week said it had suspended investment pending an effort to sell its 38.25% interest (IOD Jul.15,p6).