Gulf Keystone Petroleum expects production to ramp up in Kurdish north of Iraq. Photo courtesy Gulf Keystone Petroleum Production from oil operations in Kurdish Iraq is expected to increase following a payment from the regional government, Gulf Keystone Petroleum said. The company said Wednesday it resumed production from the Shaikan reserve area in the Kurdish north of Iraq after receiving payments for future crude oil sales. Production is now expected to increase to levels consistent with the installed capacity of 40,000 barrels of oil per day. Gulf Keystone was upbeat when, in December, the Kurdish and Iraqi central governments brokered a deal ending a simmering impasse over who controls what parts of the oil sector in the country. Operations were suspended in February amid a payment row with the semiautonomous Kurdistan Regional Government. “Over recent weeks we have maintained a flexible and prudent approach, ensuring that we can maximize […]