Gulf Keystone Petroleum (LSE: GKP) has announced the successful completion of its first lifting of Kurdistan crude allocated to the Company and other International Oil Companies (IOCs) for pipeline exports during September and October 2025.
The lifting was executed by the nominated trader at the Ceyhan oil terminal in Türkiye. This marks a significant milestone for the company as it navigates the complexities of operating in the region.
Payment for Gulf Keystone’s share of the first lifting is anticipated within the next 30 days. This timeline aligns with the interim export agreements previously disclosed by the Company on September 26, 2025.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
A second lifting for IOC allocation of Kurdistan crude exported in October 2025 is scheduled for the end of November 2025.
Subsequent liftings and payments are projected to follow, offering a potentially steady revenue stream for Gulf Keystone. The consistency of these operations remains a key factor to monitor for assessing the company’s long-term prospects.
Gulf Keystone plans to release a further update next month as part of its regular December Operational & Corporate Update.
This update will likely provide more detailed insights into production levels, export volumes, and financial performance.
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