LONDON (Reuters) – Gulf Keystone Petroleum (GKP.L) said on Thursday it was still owed $ 178 million (125 million pounds) by the Iraqi Kurdistan Regional Government for oil exports and costs related to the Shaikan oil field.
The oil producer reported a 2015 loss of $ 135 million versus a loss of $ 248 million a year earlier.
Gulf Keystone said output from its Shaikan field may start declining this year if it fails to find $ 71-88 million to invest in the field and if its partners and the government do not approve the plan quickly.
(Reporting by Karolin Schaps; editing by Jason Neely)
