Nadhim Zahawi, a Conservative Party MP for Stratford-on-Avon since 2010, has been named chief strategy officer, but will not assume a position on the London-listed player’s board.
Zahawi, who is of Kurdish origin and moved to the UK from Iraq in childhood, is said to have close relations with Ashti Hawrami, Oil Minister in the Kurdistan Regional Government (KRG).
Gulf Keystone said the 48-year-old “will be responsible for the evaluation of strategic options” for the company which, like other players in Iraqi Kurdistan, has been left waiting for payments from the KRG on crude oil shipments.
Chief executive Jon Ferrier said: “With his Kurdish heritage and as a successful businessman, Nadhim brings a range of additional and critical skills to the company.
“I firmly believe that the breadth and depth of his regional knowledge will prove invaluable, and will help further strengthen our relationships within the (KRG) amongst other key stakeholders in the Kurdistan region and internationally.”