UK independent Gulf Keystone has increased production from its Shaikan oil field in Iraqi Kurdistan as it ramps up to a year-end target of 40,000 b/d. It has ambitious plans to eventually hit 100,000b/d.

The firm says it has sold 2.4mn barrels of crude since January on the seaborne market via the Turkish Mediterranean port of Dörtyol, to where it is trucked. (CONTINUED - 901 WORDS)