Oil price is coming down. Not so good for companies such as Genel |
Some nice trades went through at the end today... |
 @john78846295APIKURFebruary 27, 2025Association of the Petroleum Industry of KurdistanAPIKUR applauds Secretary Rubio's support, welcomes Prime Minister al-Sudani's turning a "new page"The Association of the Petroleum Industry of Kurdistan (APIKUR) applauds U.S. Secretary of State Marco Rubio's efforts to restart oil exports from the Kurdistan Region of Iraq, including in a call with Iraqi Prime Minister Mohammed Shia al-Sudani on February 25, 2025. According to a readout of the call published by the State Department, the two agreed on the need to quickly reopen the Iraq-Türkiye Pipeline, and to honor contractual terms for U.S. companies working in Iraq to attract additional investment.The closure of this pipeline since March 2023 has denied landlocked Kurdistan's access to a vital outlet to international markets and has affected U.S. political and commercial interests, led to market uncertainty and threatened the region's economic and security stability. The resulting loss of revenues to Kurdistan, Iraq, and the APIKUR companies has totaled $27 billion and counting.APIKUR also welcomes the Iraqi Prime Minister's address to the Erbil Forum on February 26, 2025 that his government is now seeking to turn a "new page" with oil companies operating in the Kurdistan Region.These statements come in the wake of a series of statements by senior Baghdad and Erbil officials suggesting that exports are set to resume imminently.As has been repeatedly made clear, APIKUR member companies remain prepared to immediately resume exports as soon as formal agreements are reached to provide surety of payment for past and future exports consistent with our existing contractual legal and commercial terms. There has not yet been any outreach in this regard to APIKUR member companies.The legal validity of the APIKUR member contracts with the Kurdistan Regional Government was recently upheld by the Iraqi appellate courts. This ruling, together with the passage of a key amendment to the Iraqi 2023-2025 budget law, have created a legal and political framework within which agreements can be reached.Ends |
Within 48hrs, apparently... |
Exports resumption is imminent! |
https://www.rudaw.net/english/business/230220251 Upwards we go ? |
https://thecradle.co/articles-id/29034https://x.com/wshak1/status/1893265534902272159?s=61&t=iNmKiKsOAdWNrvKWvU8FsA |
Dana oil is 5.38 % up as I typed |
Nice rise in share price this afternoon. ? |
Trump/US actively involved now.
Urging a restart of exports. |
Energy Intelligence.18th Feb 25 - Ceyhan Readies for Restart of Iraq-Turkey Flows.Iraqi state oil marketer Somo has been officially told to ready its terminal in the Turkish Mediterranean port of Ceyhan for the imminent restart of crude flows along the northern export pipeline from Iraq, a shipping source tells Energy Intelligence. |
Lots of meetings taking place. Pre ITP shutdown this was trading around 200p. |
The market won't belittle ships are being loaded. Can you blame them? |
We should be closer to 120-140p area, crazy low volume today |
Exports resuming within a week according to Ghani... |
https://www.bloomberg.com/news/articles/2025-02-16/iraqi-kurdistan-oil-exports-may-resume-in-march-krg-leader-says?srnd=phx-markets&embedded-checkout=true |
You might want to refer to GKP board to keep up |
https://x.com/zoomnewskrd/status/1889740459469373885 Oil exports from the Kurdistan Region are expected to resume through the Iraq-Turkey pipeline next week, as the federal budget law amendment, clearing the way for Kurdistan's oil exports, is set to be published in Iraq's official gazette and take effect immediately, Sabah Subhi, an Iraqi lawmaker from the Oil and Gas Committee, confirmed to Zoom News. |
Any reference for that? |
Zoom News
Pipeline exports to resume next week. |
smart DNO with diversification at right time. |
Yes there is NET CASH!
Of approx $131M.
As for the arbitration that was a counter claim, the KRG went after Genel first apparently. |
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