Gulf Keystone Petroleum announces receipt of payment for future Iraqi crude oil sales, one day after said it was engaged with other parties on a possible sale of the company. Photo courtesy: Gulf Keystone Petroleum. The company said Thursday it received $20.8 million from an undisclosed third-party buyer for future sales of crude oil from its Shaikan development in the Kurdish north of Iraq. The company, which has headquarters in London, is producing oil from seven wells in the Shaikan development in the Kurdish north of Iraq. Total production was around 40,000 barrels of oil per day at the end of 2014. This week, it said it was engaged in talks with “a number of parties” about a possible sale of the company or transaction of assets. Earlier this month, it said it was owed an undisclosed amount of money from the Kurdish government. Company spokesman Mark Antelme said […]