Gulf Keystone Petroleum Share Discussion Threads

[ptmorris1] 17/4/2024 23:35

@Millicusto, seeing as the KRG is desperate for the monies from Baghdad to pay its civil service employees hopefully it will be as quick as PeteBreeze's Arabic Swift.

Which, of course, is not as fast as a(n) European Swallow.

Don't worry, I've called my own taxi.. Muttley!....

[milliecusto] 17/4/2024 23:17

How long will that take

[punter26] 17/4/2024 22:39

Mohammed A. Salih@MohammedASalih (1hr ago)

"Important breakthrough if this is a new and serious development. If this happens soon, it goes to show the impact of sustained engagement from Washington on this issue."
--------------------------------
Quote: Rudaw English@RudawEnglish (2hr)
Iraq’s Oil Minister on Wednesday said that Baghdad has officially sent the KRG documents asking for the oil produced in the Region to be handed over to Iraq’s State Organization for Marketing of Oil in order to resume Kurdish oil exports through Turkey.
8:50 PM · Apr 17, 2024

[eddie47] 17/4/2024 21:41

38m agoPrime Minister Mohammed Shia al-Sudani spearheaded a crucial signing ceremony of memorandums of understanding in Washington, solidifying partnerships between Iraqi ministries of oil and electricity, the Iraq Fund for Development, and #US companies in energy and pharmaceutical sectors.

[johnbuysghost] 17/4/2024 21:06

Late supper queue is full of pipeline whispers. "Ready to go" is the word.

[justiceforthemany] 17/4/2024 20:49

Genel, being a Turkish company, was up strongly today.
Board have been buying a lot of stock in the past year.

[beernut1] 17/4/2024 20:46

Whynow. Thanks
Great post where have you been the last15 years while we’ve been living this sh!!t.
Thanks
Gla

[justiceforthemany] 17/4/2024 19:53

Oil rolling over tells you the market is aware and at this moment believes exports are imminent.

[theythinkitsallover] 17/4/2024 19:36

“ Brothers in #Kurdistan were informed of the necessity of handing over copies of contracts to be adapted in accordance with the constitution. The mechanism through which oil is received and exported is agreed upon with the #KRG.”

[theythinkitsallover] 17/4/2024 19:16

Interesting bit below. Is he talking about the pipeline that’s just been fixed/is due to be fixed very soon??

“"We have sent a letter to the Kurdistan Regional Government (KRG) to give the oil produced from the fields to the Iraqi Oil Marketing Company, SOMO, the only company authorized to market Iraqi oil," he said. To be exported through the Iraqi-Turkish oil pipeline to the port of Ceyhan.”

[pittcock] 17/4/2024 19:11

Sounds like the backroom deals have been done, palms have been sufficiently greased.

[pittcock] 17/4/2024 19:10

Makes you wonder why they didn't ask for them a YEAR ago lol

[theythinkitsallover] 17/4/2024 18:57

The Iraqi #Oil Ministry has said it is "necessary" for the #KRG to provide copies of contracts with IOCs, so that they can be investigated and adapted to the Iraqi constitution.

[theythinkitsallover] 17/4/2024 18:56

Rudaw English


@RudawEnglish
Follow
#LATEST: Iraqi Oil Minister Hayyan Abdul Ghani tells Rudaw's
@DiyarKurda
Baghdad has asked the Erbil to hand over oil produced in the Kurdistan Region to Iraq’s State Organization for Marketing of Oil (SOMO) in order to resume Kurdish oil exports through Turkey.

[theythinkitsallover] 17/4/2024 18:56

“Iraqi Oil Minister said that the Kurdistan Regional Government (KRG) will soon re-export oil through the Iraqi Oil Marketing Company (SOMO).”

[justiceforthemany] 17/4/2024 18:49

Oil price is collapsing despite the geopolitics backdrop - exports must be about to resume.

[nestoframpers] 17/4/2024 18:27

Erdogan doesn't want much does he ,cheap oil and gas, preferential treatment of Turkish Cos ,PKK outlawed in their own country and Iraq to be grateful for water that is rightly theirs . Sooner he is dead the better for the ME . Same for Maliki too.

[petebreeze37] 17/4/2024 16:47

There's more chance of a turkey relationship than an Iraquí. Krg maybe better off tied to a stronger country than iraq.
Iraq have clearly shown their contempt for krg historicaly and recently.
Watch this space.

[shortsqueezer] 17/4/2024 16:28

Make sense why he was very quick to close the pipeline after the Paris court ruling. Without a murmur of dissatisfaction. Interesting

[habshan] 17/4/2024 16:24

Habshan 26th February:-

"Iraq and the Iraqi people can survive without Kurdish oil but they can't survive without water.

Baghdad could say to Erdogan if you give us the water you can HAVE Kurdistan's oil and do what you like with it.

They wouldn't miss the oil and it would be a small price to pay to avoid Iraq and it's agricultural lands from turning into desert.

Genel are already there and as it says in Punters article Erdogan wants a much bigger slice of the pie and Baghdad is already desperate.

Erdogan has them over a barrel, the summer will be here soon and he can name his price."

And the plan outlined in WhyNow's article is his price.

[bigdog5] 17/4/2024 16:11

Despite all the different demands and so called leverage of water etc it doesn't appear to have concerned Baghdad one iota after 390 days of the pipe being shut.

But haven't they been busy:-)

[whynow] 17/4/2024 15:41

Analysis: Erdogan's Iraq Visit Aims to Secure Kurdistan's Natural Gas, Revive Lucrative 50-Year Deal for Cheap KRG Oil

Turkish President Erdogan is scheduled to arrive in Baghdad next Monday, with one of the key agenda items being "natural gas and oil flow," according to his own statement. Several reports suggest that Erdogan not only seeks the resumption of oil exports from the KRG but also aims to secure Kurdistan's natural gas for export to Turkey as soon as possible, especially with apparent U.S. backing.

While Iraq has been preparing to resume oil exports from Kirkuk to Turkey, Erdogan likely prefers resuming exports through the KRG's pipeline, as Turkey has a 50-year contract with the KRG on favorable economic and security terms, with Turkish firms earning over $1 billion annually, in addition to other perks such as holding sway over the KRG's ties with the PKK.

However, Erdogan's interests extend beyond oil to the KRG's natural gas. This would reduce Turkey's dependence on Russian gas for energy consumption and position Turkey as a key gas hub for Europe, substantially increasing its geopolitical clout, in addition to further Turkish influence over the Kurdistan Region.

Erdogan holds several powerful cards against Iraq to push for his demands, the most significant being water. Iraq desperately wants more water from the Euphrates and Tigris rivers, which Turkey has gained substantial control over through the construction of several massive dams.

According to informed sources, the 50-year agreement signed by Nechirvan Barzani with Erdogan in 2014 reportedly includes the following terms:

- Turkish companies operating in the Kurdistan Region will be given priority in the KRG oil sector.
- For the next 50 years, Turkey will receive $1 per barrel of oil sold.
- The KRG's oil revenue will be deposited and exchanged at Turkey's Halk Bank.
- The KRG oil pipeline will be guarded by Turkey, with fees paid from the KRG's oil revenue.
- The KRG will lease seven large oil reservoirs at Turkey's Ceyhan Port, with rent paid from its oil revenue.
- The agreement sets the framework for the KRG's relations with the Syrian Kurdish SDF and the PKK.
- Critics claim the agreement's political dimension is to maintain the KDP's power and continue its leaders' rule in the Kurdistan Region with Ankara's support.
- Unofficial reports suggest the Erdogan family is the primary beneficiary of this agreement's proceeds from the Turkish side.

[sniff_the_tip] 17/4/2024 15:34

blah blah blah.....

We have heard it all before... its getting boring now...

[habshan] 17/4/2024 15:21

BasNews - US-Iraq Talks: Spotlight on Kurdistan's Role: Dizayi.

ERBIL — Supporting the Kurdistan Region emerged as a focal point in recent meetings between Iraqi delegation and top US officials in Washington, according to a senior Kurdish official.

During an interview with BasNews, Safeen Dizayi, the head of the Kurdistan Regional Government's (KRG) Department of Foreign Relations, highlighted the main topics discussed during the meetings. Dizayi also emphasized the Kurdistan Region's importance in these discussions and the significant outcome of Prime Minister Masrour Barzani's recent visit to Washington.



BasNews: Did the meeting between President Biden and Sudani address support for the Kurdistan Region?

Dizayi: Yes, support for the Kurdistan Region was indeed on the agenda. The discussions also endorsed the re-export of Kurdistan Regional Government's oil, benefiting both the region and Iraq, along with American companies involved.

BasNews: Were there any commitments from the Iraqi delegation regarding Kurdistan's salary and oil issues during their discussions with President Biden?

Dizayi: While the issue of salaries remains internal, it holds significance, and the United States advocates for the resolution of Erbil-Baghdad disputes, including the matter of Kurdistan's oil exports, which necessitates concerted efforts.

BasNews: Was your inclusion in the Iraqi delegation at the behest of Baghdad or Erbil?

Dizayi: Our participation stemmed from Sudani's invitation, echoing a similar engagement at the United Nations General Assembly last September. This demonstrates efforts towards bolstering relations and addressing shared challenges.