Old Trumper can claim it as his own on Tuesday ! |
And we think our lot are bad.. At least they don't do, well I don't like this law, think I wont turn up for the vote! |
Fill yer boots in the morning. |
Fact the finance committee accepted is a big fat positive....It will get voted through.Not that it mattersThe company is obviously sold TBA |
Whats another 2 days, we have all waited for years.
Not sure if stock will necessarily be cheaper, after all its not a no it will not go through.
It is a delay. |
Seems the most logical outcome now, on a plus will be able to pick up cheaper stock |
Maybe the PUK and The KRG engineered today to add to the sense of "ungovernable " as things stand strengthening the support for separation in line with their new KRG/PUK government agreements |
How much do these idiots get paid? |
It's a comedy show out there. Every man for himself. Far too hasty in suspending the ITP. No rules apply in Iraq. |
I agree but at what point does breach of contract become irrelevant? Nobody out there ever pays their fines etc in any case. |
The finance committee agreed on the latest version of article 12. Some deputies refused to vote to break the quorum because they know that the oil law will obtain the majority if the vote take place. the blocking MPs want to negotiate something before voting |
"You say September Habs, don’t be surprised if they say enough is enough and with the approval of Turkey plough ahead without SOMOs involvement very soon."
Hi ss, if Turkey loaded ships at Ceyhan without Baghdad's permission before September using any of the infrastructure covered by the ITP agreement they'd be in breach of contract again.
They can do nothing until September. |
It's all noise, the company has clearly agreed a sale TBA..... |
So.the outcome was no outcome as predicted.
Independence has always and will be the end game. Only 7 months to wait and while picking up at least 2 dividends on the way.
Independence route has and will bevthe right decision in the long run. |
From memory wasn't it PUK who boycotted 2nd vote in December? |
Would seem no mutual agreement will ever be agreed on |
You say September Habs. But there is plenty of evidence now that Baghdad have purposely stifled progress within KurdistanDon't be surprised if they say enough is enough and with the approval of Turkey plough ahead without SOMOs involvement very soon. |
A slightly longer term solution. And a more profitable one for all concerned. Including us shareholders. Not the ICG of course. They have blown it. |
Thanks Kev.
#BREAKING: The Iraqi Parliament postponed a vote on key budget amendments after Kurdish factions boycotted the session, stalling efforts to address the resumption of the Kurdistan Region’s oil exports.
Now that really IS interesting.
So who are those Kurdish factions, Bafel Talebani's lot the PUK maybe.
But having said that, with September only being 7 months away maybe the Kurds just don't want to be tangled up with the MoO and SOMO and would rather wait.
The Kurds don't intend giving up any of their constitutional rights and the PSC's have been ruled legal enforceable and binding with no other party having the right to interfere with them, so neither the Kurds nor the IOCs have to accept anything that's proposed in Baghdad, they can just sit it out.
If what's being proposed by the Finance Committee isn't acceptable to Erbil and the IOCs then the Kurds will block the vote. Maybe that's what's happening.
Interesting times. |
Brewery comes to mind
Now that PSCs are pronounced legal and the Prime Minister unable to get an alternative method of payment through Parliament there seem to be two possible ways of moving forward especially given the enormous cost of a closed pipeline to IRAQ itself.
1. He could mitigate the loss by opening the pipeline on PSC terms until a better alternative payment can be found.
2 The Kurds could follow up their last weekend rant and secede as Iraq as a whole seems ungovernable.This would be welcomed by America and Turkey
others might add waiting until September but that would raise a lot of other agreements and issues
such as SOMO and the rest of the budgetary/relationship framework. |
At least they kept their shoes on and no fighting. Things are improving :-) Closer than ever now. |
Why am I not surprised |
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