This could drag on for months, you seem to lack the complex politics of Iraqi, expect high 130's by Friday, that where you should have the focus for buying |
This will recover today and move up for tomorrow. Deal will go through as there is too much to lose. |
Shiite lawmakers ....... says it all |
161 on bid |
Great posts over the weekend, but it's a case of que será, que será.
The building blocks are all lining up but irag is the epicentre of big oil's greedy mits and the local mafia.
Ps possibly a top up opportunity ahead wait for the ubiquitous moment. |
163.6 on bid |
Yet no mention of the September deadline which should have been an important inclusion within that article. |
 On January 19, 2025, the Finance Committee of the Iraqi Parliament reviewed and forwarded an amendment to the budget law regarding oil exports from the Kurdistan Region for parliamentary voting. Nonetheless, Shiite legislators present at the session rejected the amendment, which suggested a payment of $16 per barrel for oil production and transportation in the Kurdistan Region.Soran Omar, a Kurdish Member of Parliament, informed Peregraf: "The legal attendance requirement for parliamentarians to vote on the budget law concerning Kurdistan Region oil was not met, resulting in the amendment not being voted on. Shiite lawmakers argue that $16 per barrel for production in the Kurdistan Region is excessive." Omar cautioned that without the amendment's approval, the Kurdistan Region might resort to continuing oil sales through smuggling via tankers, thereby depriving its citizens of essential revenue.The Disputed AmendmentThe amendment proposed a provisional payment of $16 per barrel for oil production and transportation expenses in the Kurdistan Region. This arrangement was intended to remain effective until an independent expert company, to be appointed within 60 days by mutual consent between Baghdad and Erbil, could deliver a fair cost assessment.The proposal sought to address a protracted dispute over production costs. While Baghdad had previously allocated $8 per barrel-comparable to Iraq's southern oil fields-the Kurdistan Regional Government (KRG) insisted on $26, citing elevated extraction costs. The two parties reached a compromise at $16, and the Iraqi Council of Ministers approved the amendment before sending it to parliament.However, the refusal of Shiite lawmakers to endorse the measure has rekindled tensions between the Iraqi federal government and the KRG.Oil Export StalemateThe rejection of the proposed amendment occurs amidst the KRG's struggle with financial instability, further exacerbated by persistent delays in budget allocations from Baghdad. According to the federal budget law for the years 20232025, the Kurdistan Region is required to export 400,000 barrels of oil daily through the Iraqi Oil Marketing Company (SOMO) or supply an equivalent quantity for domestic consumption. In exchange, Baghdad is responsible for covering the costs associated with production and transportation.Nevertheless, oil exports from the Kurdistan Region have been halted since March 2023, following a decision by the International Court of Arbitration in Paris. The court ruled in favor of Iraq in a dispute with Turkey, resulting in the cessation of oil flow through the Ceyhan pipeline.Wider ConsequencesThis ongoing conflict has strained the relationship between the KRG and the international oil companies (IOCs) operating within the Kurdistan region. Baghdad has sought to replace the KRG's production-sharing agreements with service contracts, a change that IOCs have opposed.The financial impasse has placed the Kurdistan Region in a vulnerable situation, with essential oil revenues suspended and no resolution in sight. Kurdish lawmakers have cautioned that the inability to pass the amendment will worsen the Kurdistan region's economic crisis and further deepen the rift between Erbil and Baghdad. |
625 quid fine for no show |
What I find enlightening is the fact that the speaker has only now decided to clamp down on disruptive MP's when he could have done it years ago. |
Let’s not get pedantic boys, you know exactly where I am coming from 🤜🤛
No point splitting hairs with tomorrows ICG budget vote likely to be a 🎯 |
Plus.Understanding American Depositary SharesAn ADR is a negotiable certificate issued by a U.S. bank under an agreement with a foreign company. It's evidence of ownership of ADSs, the same way a stock certificate means owning equity shares.2ADSs are meant to facilitate share trading. Depending on how much the foreign company is willing to follow U.S. regulations, they can trade over the counter (OTC) or on a major exchange such as the New York Stock Exchange or the Nasdaq. Listing on a major exchange generally requires reporting at the same level as domestic companies and adherence to generally accepted accounting principles (GAAP) |
Gulf Keystone is a Bermudan incorporated company.Listed here |
Its listed on the NYSE. |
And with Halliburton also entering stage left recently 🇺🇸🎯✅ |
GKP isn’t 🇺🇸 registered its a 🇬🇧 company & Bermudan 🇧🇲 registered.
However, I do agree with your point in respect of Hunt Oil & HKN Energy 🇺🇸
And with Exxon Mobil & Chevron hovering ✅🎯 |
Indeed it looks more promising than ever now. It might initially drop a bit today but if so that will be short lived I think. |
Morning all
Had my doubts about it getting passed yesterday. But with fines in place got a good feeling about Tuesday.
That’d be the first hurdle past.
2. We need to start hearing about some company working out the extra drilling costs on each block.Or a way of temporarily pleasing Apikur until the second item is done.
Gla |
john@john78846295: 8h
- Finance Committee approved
- Quorum only just missed with drop from 167 to 155.
- 1M dinars fine now for MPs who dont attend sessions
- BUDGET AMENDMENT EXPECTED TO BE PUT BACK ON AGENDA THIS WEEK. |
The speaker made the right decision to fine those MP's who walk out of parliament in an attempt to prevent it operating as intended. The country is ungovernable otherwise.
Now it would appear that we are almost there. Lets see what Tuesday brings. |
Milliecusto is another secret troll. Beware of these fiends. |
I would agree, may briefly touch lower , but deffo could place to buy |
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