Iraqi oil player Gulf Keystone Petroleum said it was planning further investments this year, but still facing commercial pressures. The company is among those with a strong focus on the oil reserves in the semiautonomous Kurdish north of Iraq, which has been relatively stable even as the terrorist group calling itself the Islamic State made territorial claims in the region. Operating the Shaikan oil field in the Kurdish region, Gulf Keystone reported total average gross production for 2016 at 34,794 barrels of oil per day, at the upper range of its guidance for the year. CEO Jon Ferrier said in a statement he was pleased with the performance last year as most companies were squeezed considerably by a market downturn characterized by historically low […]