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Tue · 27 Oct 2026
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Gulf Keystone and ShaMaran Agree $601M Merger in Kurdistan Oil Play

Shep

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Gulf Keystone and ShaMaran Agree $601M Merger in Kurdistan Oil Play

🛢️ KURDISTAN — Hormuz is closed; someone just bet $601M on the other route out. 📌 LOOK CLOSER: Gulf Keystone and ShaMaran produce in Kurdistan, exporting via Ceyhan to Turkey — the only major crude corridor bypassing Hormuz still moving freely. With Hormuz at near-zero transits, Ceyhan throughput is premium real estate. A $601M merger signals institutional conviction that Kurdistan output will matter more, not less, as the war extends.

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