Member of the Oil and Energy Committee: "The factions agreed to vote on the budget amendment on Sunday." https://x.com/john78846295/status/1884888434692534367 |
167.80 on bid |
 https://channel8.com/english/30165 Iraqi Prime Minister Mohammed Shia al-Sudani, during a meeting with the Speaker of Parliament and faction leaders last night, emphasized the government's commitment to increasing the cost of extracting oil from the Kurdistan Region to $16, with the full return of oil and gas to the federal government without deductions.The Iraqi Prime Minister's Media Office stated that Sudani expressed the government's intention to amend the budget law on oil in the Kurdistan Region, which was approved on October 5, 2024, by the Council of Ministers.According to the amendment to Article 12 of the Iraqi law, the amount for the production and transportation of each barrel of oil in the Kurdistan Region will be raised from $6 to $16 until an international company provides a realistic and fair estimate of production costs in the region's oil fields within 60 days, after which a new price will be set.The statement also mentioned that Sudani highlighted the letter sent by the government representative to Parliament on the 23rd of this month, which aligns with the text approved by the Finance Committee.According to the letter submitted by Abdul Zahra al-Fatlawi, the Iraqi government's representative in Parliament, oil exports through the State Organization for Marketing of Oil (SOMO) will follow the same procedures and pricing across Iraq, with all revenues directed to the federal government without deductions. The costs of extraction and export will be compensated in various ways.The statement from the Sudani Media Office confirmed that the Speaker of Parliament, deputies, and faction leaders supported the government's proposed text to amend the budget law. |
The morning`s euphoria is understandable following a very agreeable dinner at the PM`a house but back with your mates and fellow shiits who are determined to screw the Kurdsetc is another matter and so I will await the vote. |
Says 200 mp’s expected to vote in favour.
Gla |
Not sure if this has been posted but anyway
Iraqi Parliament moves toward agreement on key budget amendment
Following a meeting on Wednesday with the heads of parliamentary factions, Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction, confirmed that lawmakers had reached an understanding to support the amendment.
12 hours ago
Iraqi Parliament. (Photo: Designed by Kurdistan24)Iraqi Parliament. (Photo: Designed by Kurdistan24)
Iraq
Iraqi Parliament
budget law
Mohammed Shia al-Sudani
Vian Sabri
ERBIL (Kurdistan24) – In a significant step toward economic stability, Iraqi Prime Minister Mohammed Shia al-Sudani has successfully secured parliamentary consensus to advance a crucial budget amendment aimed at resuming oil exports from the Kurdistan Region.
Following a meeting on Wednesday with the heads of parliamentary factions, Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction, confirmed that lawmakers had reached an understanding to support the amendment.
“The prime minister emphasized the urgent need to restore oil exports to mitigate economic damage, urging all parties to collaborate in passing the government-backed bill,” Sabri told Kurdistan24.
With broad agreement among Kurdish, Sunni, and Shiite factions, approximately 200 MPs are expected to vote in favor of the amendment on Sunday, marking a potential breakthrough in Iraq’s energy and economic sectors. |
Baghdad and Erbil Delegations to Reconvene on Salaries and Kurdistan Oil Exports
The KRG delegation will meet with a delegation from the Iraqi federal government on Friday, in the residence of the Iraqi Foreign Minister Fuad Hussein in Baghdad.
30 minutes ago
Iraq's government logo (L), KRG logo (R). (Graphic: Designed by Kurdistan24)Iraq's government logo (L), KRG logo (R). (Graphic: Designed by Kurdistan24)
Kurdistan
Iraqi Parliament
Erbil-Baghdad disputes
Salary Payments
Kurdistan Region
Iraq
Jan. 30, 2025
ERBIL (Kurdistan24) – Erbil and Baghdad delegations to meet again in Baghdad to discuss the issue of not paying the Kurdistan Regional Government (KRG) employees’ salaries by Baghdad, Kurdistan24 correspondent reported.
A delegation from the KRG Ministry of Finance and Economy will visit Baghdad on Thursday will go to Baghdad to resume talks about the KRG employees’ salary issue.
Kurdistan24 correspondent in Baghdad revealed that the KRG delegation will meet with a delegation from the Iraqi federal government on Friday, in the residence of the Iraqi Foreign Minister Fuad Hussein in Baghdad.
This meeting comes after a meeting of the Iraqi Prime Minister Mohammed Shiaa al-Sudani on Wednesday with the heads of the political parties’ parliamentary factions to discuss passing the bill about amending the Iraqi general budget, that paves the way for resuming Kurdistan Region’s oil exports.
Following that meeting on Wednesday night, Vian Sabri, the head of the Kurdistan Democratic Party (KDP) faction in the Iraqi parliament told Kurdistan24 that agreement was reached during this meeting to pass the amendment of the article related to resuming Kurdistan oil export, in the Iraqi general budget law. |
Nest - "458 mn using 0.7 FP . Using 3.8 FP add another 3.1 Bn blls . Ref Chinese study"
That works out at £199 per share, plus the gas.
"Iraqi Foreign Minister Fuad Hussein revealed on Thursday that British Petroleum (BP) has expressed interest in exploring opportunities in the Kurdistan Region's oil fields. Speaking to Kurdistan24, Hussein stated, "I have spoken to British Petroleum, and they have promised to come to the Kurdistan Region to discuss working in the oil fields with top officials".
Hardly surprising. |
Ref: "458 mn using 0.7 FP . Using 3.8 FP add another 3.1 Bn blls . Ref Chinese study"
This works out at £40Bn which is some number, without Gas ............ |
Rupert's fund ready to move half a yard in 🛢🤠💭 |
Summats up.
8% rise in 40 minutes.
Gla |
458 mn using 0.7 FP . Using 3.8 FP add another 3.1 Bn blls . Ref Chinese study |
Plus gas plus condensate plus current CPR is a subset of the |
Of course Tullow's Jubilee field is under 1100m of deep water,whereas Shaikan(greater) is onshore and is mainly UNDEVELOPED. |
Genel was hugely oversold.
+10% |
Live 161.5/163.2 volume 95k |
https://x.com/kurdistan24tv/status/1884868485315993899?s=46 |
A delegation from the Kurdistan Regional Government (KRG) Ministry of Finance and Economy will meet with a delegation from the Iraqi government in Baghdad.According to Hoshmand Sadiq, Kurdistan24 reporter, Thursday, 30-01-2025, a delegation of the Ministry of Finance and Economy of the Kurdistan Regional Government will go to Baghdad. Kurdistan24 learned that the delegation of the Ministry of Finance and Economy tomorrow Friday, 31-01-2025, at the house of Fuad Hussein, Deputy Prime Minister and Foreign Minister of Iraq; He will meet with a delegation from the federal government. According to the information, the meeting will discuss the passage of the budget amendment and resolve the issue of salaries and financial entitlements of the Kurdistan Region. The meeting comes at a time when, last night (Wednesday, 29-01-2025), Mohammed Shia Sudani, Prime Minister of the Federal Republic of Iraq met with the leaders of the factions of the Iraqi parliament; The main topic of the meeting was the passage of the budget amendment in parliament. After the meeting, Dr. Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction in the Iraqi parliament, told Kurdistan24, "The meeting approved a general understanding to pass the amendment to the budget law, especially the clause related to the re-export of oil. |
Tullow - "Independently audited 2P reserves at year end 2024 of 164.5 mmboe (212 mmboe at year end 2023), valued at c.$2.5 billion."
GKP are currently reporting 458 million barrels of 2p reserves.
So using the same metric would value ours at $6.96 billion or £5.57 billion.
Which is £25.66 per share. |
Tullow--Interesting
"Independently audited 2P reserves at year end 2024 of 164.5 mmboe (212 mmboe at year end 2023), valued at c.$2.5 billion (NPV10)
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Yes,one could easly conclude an orchestration.
Deal pre pipeline opening or after?
Expect anything.
GLA. |
Chanson d'amour, ra da da da da, play encoreHere in my heart, ra da da da da, more and moreChanson d'amour, ra da da da da, je t'adoreEach time I hear, ra da da da da, chanson, chanson, d'amour |
Well Sudani was the one who tried to add an extra clause at the last minute last time. He didn't get away with it. Hopefully he has now backtracked on that. Fingers crossed. Also once again thanks to all the newshounds. |
john@john78846295: 44m
Sudani: The budget amendment should be passed without changes.
Factions agreed to vote on amendment to the budget law. |
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