Gulf Keystone warns about its future, cuts jobs

Gulf Keystone Petroleum

31/08/2023 07:27

Aug 31 (Reuters) - Oil producer Gulf Keystone Petroleum
 GKP.L  on Thursday flagged doubts about its ability to continue
as a going concern after it announced that it has cut 55% of its
expat jobs to slash costs amid the suspension of Kurdistan crude
exports.
    The London-listed company, focused on Iraqi Kurdistan, said
it was reviewing further job cuts following the hit to its
business after the closure of the Iraq-Turkey Pipeline in March.

 (Reporting by Anchal Rana in Bengaluru; Editing by Savio
D'Souza)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))