Kurdish oil player Gulf Keystone Petroleum said its finally turned a profit. Photo courtesy of Gulf Keystone Petroleum April 11 (UPI) — With a crude oil sales agreement in hand, British energy company Gulf Keystone Petroleum said it turned a profit for the first time for its Kurdish operations. The company, which has headquarters in London, was the target of an unsolicited takeover from rival Iraqi player DNO, a Norwegian oil company. In 2015, it had mulled possible partnerships, but emerged the following year with an agreement with the majority of its creditors and shareholders to restructure its debt obligations. Gulf Keystone said Wednesday its net profit for full-year 2017 was its first since it entered the Kurdish north of Iraq, thanks in part to a crude oil sales agreement from its Shaikan field. “We are pleased to have reported a net profit for the year of $14.1 million, […]