LONDON--Oil and gas company Gulf Keystone Petroleum Ltd. (GFP.LN) said Friday that it has received $12 million out of the $15 million paid by the Kurdistan regional government of Iraq for January crude oil exports from the Shaikan field.

Gulf Keystone is the field operator with a 75% stake while MOL Hungarian Oil and Gas PLC (MOL.BU) has a 20% stake and Texas Keystone Inc. a 5% stake.

Write to Tapan Panchal at tapan.panchal@wsj.com

(END) Dow Jones Newswires

February 19, 2016 02:52 ET (07:52 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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