Gulf Keystone Petroleum Share Discussion Threads

[beernut] 09/8/2021 12:56

Erbil, Baghdad Agree to “Turn the Page” for Oil Cooperation
Basnews English 2021/08/09 - 12:05 Kurdistan


ERBIL — The government of Kurdistan Region and Iraq have agreed to begin a new round of efforts to boost cooperation on oil and gas between Erbil and Baghdad, according to an official statement.

Kurdistan Region’s Minister of Natural Resources, Kamal Atrushi, and Iraq’s Oil Minister Ehsan Abdul Jabbar met on Sunday in capital Baghdad to discuss the prolonged disputes over oil production and marketing.

Iraq’s Oil Ministry said in a statement after the meeting that Abdul Jabbar had expressed willingness to address the technical issues and financial disputes with counterparts in Erbil “in accordance with the [Iraqi] constitution”.

He also said that Baghdad is ready to “turn the page” and begin a new round of dialogue on the technicality of the outstanding issues in hopes of finding a solution that could serve the best interests of the Iraqis.

Iraqi oil minister, Ihsan Abdul Jabbar Ismaael (right) during his meeting with KRG Minister of Natural Resources Kamal Atroushi in Baghdad, August 8, 2021. (Photo: Iraqi oil ministry)

The initiative was well received by the Kurdish oil minister who hoped that the dialogues would also open new horizons in the bilateral relations between Erbil and Baghdad, the statement added.

Erbil and Baghdad announced that they reached an agreement last December to address their oil disputes, according to which the former is required to hand over 250,000 barrels of oil monthly and 50% of customs revenues to the Iraqi government, while the later should release Kurdistan’s share from the federal budget.

However, both sides blamed each other for not exactly fulfilling their duties under the agreement, which has only added to the prolonged disputes.

[beernut] 09/8/2021 12:49

Erbil, Baghdad turn ‘new page’ in energy relations: Iraqi ministry
Halgurd Sherwani
2 Hours

Iraqi oil minister, Ihsan Abdul Jabbar Ismaael (right) during his meeting with KRG Minister of Natural Resources Kamal Atroushi in Baghdad, August 8, 2021. (Photo: Iraqi oil ministry)
Iraqi oil minister, Ihsan Abdul Jabbar Ismaael (right) during his meeting with KRG Minister of Natural Resources Kamal Atroushi in Baghdad, August 8, 2021. (Photo: Iraqi oil ministry)
Kurdistan Iraq Krg Oil & Gas
ERBIL (Kurdistan 24) – The Kurdistan Regional Government and Iraq’s federal government will embark on a fresh start to solve outstanding issues in the energy sector, Iraq’s energy ministry said.

The new approach came during a meeting between KRG Minister of Natural Resources Kamal Atroushi and Iraqi Minister of Oil Ihsan Abdul Jabbar Ismaael in Baghdad on Sunday.

The Iraqi energy minister “welcomed cooperation with the KRG ministry of natural resources and expressed his ministry’s readiness to remove all the technical and financial barriers,” the statement read.

The official said he hoped discussions with the Kurdish region would turn a “new page” on energy issues.

Atroushi added that he hoped to improve bilateral ties with his Iraqi counterpart with an eye on mutual investment and joint projects, the statement added.

The two ministers stressed the importance of transparency in the energy sector across the country and placing the “national interest” above other considerations.

[ian_hannam] 09/8/2021 11:58

BIGDOG RE-ITERATES CONVICTION GUIDANCE. BANG GONE !!!. "BUY AS MANY AS YOU CAN ASAP".TAKEOVER ANNOUNCEMENT THIS WEEKYOU CAN TAKE THAT TO THE BANK

[ian_hannam] 09/8/2021 11:57

HTTPS://twitter.com/Paul47293202/status/1424685920578592769?s=19

[nestoframpers] 09/8/2021 11:33

Thanks for feed back Officerdigby , hard to believe this Gov , so much brain washing going on. Ivermectin works against the virus , there is no need for a Vax imo.

[eddie47] 09/8/2021 11:22

In carbonate reservoirs secondary porosity is very important, Dolomitization, dissolution and fracturing create new porosity. Exposure to meteoric water leads to
limestone dissolution. Natural Fracture networks greatly enhance
permeability.

[mr_todd_kozel] 09/8/2021 11:18

BIGDOG RE-ITERATES CONVICTION GUIDANCE. BANG GONE !!!. "BUY AS MANY AS YOU CAN ASAP".TAKEOVER ANNOUNCEMENT THIS WEEKYOU CAN TAKE THAT TO THE BANK

[highlander7] 09/8/2021 10:13

I agree.
Simon Murray will be in the mix.

IMO

[eddie47] 09/8/2021 10:05

Conditional deal agreed years ago IMO. Probably dates back to the 'Trip to China'.

[highlander7] 09/8/2021 09:47

Yes , I imagine a deal has been done with all major stakeholders. Verbal only !

LOL

[k4n4k] 09/8/2021 09:44

H7- complex management of shareholder register too, ensuring reward of appropriate stakeholders 😉

[highlander7] 09/8/2021 09:36

I also agree with Todd , the deal was agreed in principle years ago but blocked for political reasons.

[k4n4k] 09/8/2021 09:32

Get 'em bought. Get it done. Get it sold. 🦁🦁🦁

[nestoframpers] 09/8/2021 09:08

I hadn't thought of that but I concur with H7 , as I have said major share holders of MOCs like pension funds do not like the politics to look dodgy , they look dodgy ATM without HCL, but they may have reassurances I suppose?

[mr_todd_kozel] 09/8/2021 09:05

NestAny friendly sale would have been agreed in principle a few years ago, giving buyers the opportunity to do their own tech DD to confirm field model.That would have involved both sides signing a Sale implementation agreement.,in private........the sale itself is completed ( in public ) by a short form amalgamation.That's how Bermuda m and a gets done.The KRG will want the deal done PRE any HCL.To bank their ill gotten gains without Baghdad having a say......or a slice....

[nestoframpers] 09/8/2021 08:55

This news is better than SH13 getting on line ( which is not far away ). Bang gone got a bit nearer Notout.

[highlander7] 09/8/2021 07:54

They do need to do it if the current Government in Iraq wants to be re elected because they will need Kurdish support to do it. The issue in the past has always been disunity with the Kurds. Hopefully that has been resolved and both parties have also realised that time is running out for oil revenue long term.

The O&G Law may almost certainly be a requirement for any USA based INOC , who the Iraqi's have stated publically they want to attract, so they both have an incentive to agree this time.

IMO

[shortsqueezer] 09/8/2021 07:26

Oil and gas law again? They need to do it this time, at last

[beernut] 09/8/2021 07:10

Iraqi Minister of Oil receives Kurdistan's Minister of Oil resources
Economy
oil
Kurdistan
2021-08-08 16:10
A-
A
A+
Shafaq News/ Iraq's Minister of Oil Ihsan Abdul-Jabbar commended the endeavors for extending outreaches with the Ministry of Nature Resources of Kurdistan, expressing his Ministry's willingness to eliminate the technical and financial hurdles to preserve the "National wealth" of the entire Iraqi nation as stipulated by the constitution.

Abdul-Jabbar's statements came during his meeting with Kurdistan's Minister of Natural Resources, Kamal Hamid Atroshi, according to a readout issued by the Iraqi Ministry of Oil.

Minister Abdul-Jabbar said that the Federal Government and the Iraqi Ministry of Oil seek high transparency regarding the management of Iraq's oil resources, laying emphasis on "dialogue" and "the ultimate national interests" in dealing with the issues of contention between both parties.

The Minister of Oil expressed his hope that the meetings and dialogues with the region, especially after the inauguration of Minister Atroshi, would open a new page of serious objective dialogue to solve outstanding problems and serve the Iraqi people from north to south in accordance with the constitutional and statutory provisions that organize the rights of the governorates and regions.

For his part, Minister Atroshi hoped that the cooperation between the Ministries would lay the ground for a breakthrough in the bilateral relations that leads to optimal utilization of Iraq's natural resources and establishing joint and integrated projects.

Atroshi hinted at an actual willingness from the Minister and senior officials in the Federal Ministry of Oil to address the unresolved issues and formulate new agreements to push forward the oil and gas industry, and ultimately, the national economy and sustainable development.

Al-Atrushi indicated that during the meeting with the Minister of Oil and officials in the ministry, he sensed great cooperation and response to discuss and solve all outstanding problems between the center and the region, as well as activating new formulas and agreements that guarantee cooperation to develop the oil and gas industry in support of the national economy and sustainable development.

[k4n4k] 08/8/2021 22:58

Baghdad and Erbil agree to start a new cooperation in oil and gas

August 08, 2021


Federal government in Iraq and its counterpart in the Kurdistan region in the north agreed, on Sunday, to “open a new page” for cooperation in the field of oil and gas, and to resolve previous differences in accordance with the law and the constitution.

This came during a meeting in Baghdad between Federal Oil Minister Ihsan Abdul-Jabbar and Kurdistan Regional Minister of Natural Resources Kamal al-Atrushi, according to a statement issued by the Iraqi Oil Ministry.

Previous agreements between the two parties regarding oil did not see the light of day, despite their announcement of agreement to resolve differences related to Erbil’s handing over of its oil to the federal government, in exchange for a share in the country’s budget .

The statement quoted Abdul-Jabbar as saying: “The federal government stresses the need to deal with high transparency with the management of oil wealth throughout Iraq, and to work to solve outstanding problems through dialogue, exchange and respect of viewpoints.”

The Minister of Oil expressed, according to the statement, his hope that “the meetings and dialogues with the region will open a new page of serious objective dialogue to resolve outstanding problems, and to serve the Iraqi people from north to south.”

For his part, the Minister of Natural Resources in the Kurdistan Region, Kamal al-Atrushi, stressed “the joint cooperation with the Ministry of Oil and the Federal Government, and working together to open new horizons in bilateral relations towards the optimal investment of national wealth.”

[nestoframpers] 08/8/2021 20:47

No I keep telling thee , HCL 1st.