MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

By Alex MacDonald

LONDON--The Kurdistan regional government has made a gross payment of $15 million on March 4 for crude oil exports from the Shaikan field, the field operator Gulf Keystone Petroleum Ltd.(GFKSY) said on Tuesday.

Following the payment, the company's current cash position is $56 million.

Gulf Keystone owns a 75% stake in the field while MOL Hungarian Oil and Gas PLC (MOL.BU) has a 20% stake and Texas Keystone Inc. a 5% stake.

-Write to Alex MacDonald at alex.macdonald@wsj.com

(END) Dow Jones Newswires

March 08, 2016 04:31 ET (09:31 GMT)

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