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Message: UNPAID OIL BILL! This might be an interesting watch!
Breaking News
Iraqi oil production stops due to unpaid £140m bill
Reported by: `Customs Today Report April 11, 2015
BAGHDAD: Iraqi oil explorer Gulf Keystone faced losses after a year when oil production stopped due to an unpaid £140million bill.
Pre-tax losses at the Kurdistan-focused firm rose from £22million to almost £170million last year.
During the year founder and chief executive Todd Kozel left the firm following a disagreement with a shareholder, and only days ago former Glencore boss Simon Murray quit the chairman’s post.
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