OSLO, Nov 17 (Reuters) - International oil companies in
Iraq's semi-autonomous Kurdistan region have loaded their first
export cargo from Turkey's Ceyhan terminal, Gulf Keystone
Petroleum ( GUKYF ) said on Monday.
Gulf Keystone Petroleum ( GUKYF ) said in a statement it expects
payment for its share of the first cargo within 30 days and
anticipates the second lifting at the end of November.
Its London-listed shares were up 3.6% by 0840 GMT.
After a two-and-a-half year hiatus, Iraq resumed oil exports
from Kurdistan to Ceyhan via pipeline in late September under an
interim deal that compensates producers with a share of their
crude deliveries to Iraqi national company SOMO.
The restart deal involves eight IOCs, including Shamaran
Petroleum ( SHASF ) and U.S.-based HKN Energy and Hunt Oil.
Norway's DNO, Kurdistan's largest producer, did not
join and continues to sell oil to local traders for cash.
Iraq plans to load 250,000 barrels per day of Kirkuk crude
from Ceyhan in November across 12 cargoes, a loading programme
seen by Reuters shows, an 86% increase from the previous month