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Gulf Keystone’s Nadhim Zahawi received an ‘insulting’ letter

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An anonymous person, has sent an insulting letter to Nadhim Zahawi, a director of GKP oil company operating in Iraqi Kurdistan. The British-Kurdish millionaire Zahawi has posted on his twitter “This was delivered to my office today. It’s very sad some still want to attack me for my “background”. I’ll be reporting it to the police.” The sender could be an angry investor of Gulf Keystone Petroleum. The company operates in the Shaikan area of Kurdistan, and produces around 40,000 barrels of oil a day. It hopes to produce 110,000 barrels of oil a day in the near future. The company is currently valued at around £350m, with the share price jumping this week after reports of the discussions with Sinopec emerged. In 2015, Gulf Keystone faced huge financial problems after delays over payments from the KRG. From September last year, it has managed to negotiate payments of around $100m. As well as sitting on the select committee, Zahawi is also the co-chair of the all-party parliamentary group on Kurdistan. Zahawi has a close and long-term relationship with Ashti Hawrami, the minister of natural resources in iraqi Kurdistan who is routinely accused of corruption. Born in Baghdad to Kurdish parents in 1967, Zahawi left Iraq with his family as a nine-year-old boy, under threat of persecution from Saddam Hussein’s regime. Kurdistan considered as the most corrupted part of Iraq. According to Kurdish lawmakers billions of dollars are missing from Iraqi Kurdistan’s oil revenues.

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