First lifting of IOC pipeline exports

17 Nov 2025 08:00 CET

Gulf Keystone is pleased to confirm that a first lifting of Kurdistan crude
allocated to the Company and other International Oil Companies (“IOCs”) for
pipeline exports during September and October 2025 has been completed by the
nominated trader at the Ceyhan oil terminal in Türkiye.

Payment for the Company’s share of the first lifting is expected to be received
within the next 30 days, in line with the interim exports agreements that were
previously announced by the Company on 26 September 2025. A second lifting for
IOC allocation of Kurdistan crude exported in October 2025 is planned for the
end of November 2025, with subsequent liftings and payments anticipated
thereafter.

The Company plans to provide a further update next month as part of its regular
December Operational & Corporate Update.

More information:
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659815_GKP announcement - First lifting of IOC pipeline exports vf.pdf