MOL partner to sell share in joint Iraq oil field

Deals

Gulf-Keystone Petroleum (GKP), a partner of Hungarian oil and gas company MOL, has made a strategic decision to rationalize its asset portfolio and will seek a buyer for its 20% interest in the Akri-Bijeel block (Kurdistan, Iraq), GKP said in its H1 report on Wednesday.

MOL is the operator of the block with an 80% stake.

The business daily Napi Gazdaság quotes GKP CEO Todd Kozel as saying that there should be demand for interests in the Kurdistan region at the moment.

MOL would not comment on the report to Napi Gazdaság.

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