Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 28/2/2022 07:24

Sounds like it is all coming to a head with the KRG and ICG , one way or another,

Not before time either. This power struggle for Kurdish oil has been holding them both back. Worst case is that Shaikan PSC will be changed to an ICG Contract. But I doubt even that will happen. Lets see what the negotiation brings.

H7

[beernut] 28/2/2022 07:13

The trilateral alliance holds a meeting in Baghdad today
Iraq News
Kurdistan Democratic Party
Sadrist movement
Al-Siyada coalition
2022-02-27 15:16
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Shafaq News / The trilateral alliance (the Sadrist movement, the Kurdistan Democratic Party, and al-Siyada coalition) held a meeting in Baghdad today, to discuss the latest political developments in Iraq.

The meeting was attended by a delegation from the Kurdistan Democratic Party headed by Fadel Mirani, a Sadrist delegation headed by Nassar al-Rabi'ei, in addition to al-Siyada delegation headed by Khamis al-Khanjar and Parliament Speaker Mohammad al-Halboosi.

Reliable sources informed Shafaq News agency that the meeting aims to lay down a roadmap for the new political process, especially following the Federal Supreme Court's decision regarding the Kurdistan region's oil and gas law.

The leader of the Sadrist movement, Muqtada al-Sadr, is keen to form a national majority government excluding the head of the state of law coalition, Nouri al-Maliki, who is also a member of the Coordination Framework, which is calling for forming a consensus government that brings all Iraqi parties together.

[beernut] 28/2/2022 07:10

Last para basically says the Iraq oil deals are illegal too. Which is what the Krg have always said.

Kurdistan's four presidents to contemplate the federal court's ruling in a meeting tomorrow
Kurdistan
Nechirvan Barzani
2022-02-27 10:36
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Shafaq News/ The President of the Kurdistan region, Nechirvan Barzani, on Monday will convene with the Region's Prime Minister, Parliament Speaker, and Cheif Justice to ponder the reverberations of the Iraqi Federal Supreme Court's ruling that undermined the constitutionality of Kurdistan's oil and gas law.

An advisor to the region's president, Dilshad Shehab, said that the meeting will take place tomorrow, Monday.

In the same context, a delegation from the Kurdistan Regional Government (KRG) visited the headquarters of the region's parliament and held a meeting with the heads of the parliamentary blocs.

The meeting was concluded earlier today but the delegation did not make any statements to reporters.

On February 15, the Iraqi Federal Supreme Court decreed that the natural resource law passed by the Kurdistan Regional Government in 2007 is unconstitutional, potentially upending the region's oil and gas industry.

Ruling that KRG oil exports and contracts with international oil companies are illegal, the court granted the federal government the right to annul such contracts, claim ownership of KRG oil, and hold Erbil liable for past oil revenues against budget allocations received from Baghdad.

In addition to undermining the KRG's energy industry, the ruling could limit federal Iraq’s too—indeed, the very concept of oil federalism is at risk. The decision also complicates the ongoing government formation process, and may even invite backlash against a judiciary that has maintained widespread respect among Iraqis.

[beernut] 28/2/2022 07:02

KRG and US sign an MoU to bolster small and medium businesses in Kurdistan
Kurdistan
KRG
US
2022-02-27 09:01
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Shafaq News/ Kurdistan's Ministry of Planning and the United States Consulate-General in Erbil on Sunday signed a memorandum of understanding (MoU) to bolster small and medium-sized businesses in the region.

Speaking in a joint press conference with the US Consul, Robert Palladino, Minister of Planning, Dara Rachid, said that signing this MoU will address many challenges facing small and medium-sized business owners and create job opportunities for unemployed youth.

Palladino said that the MoU aims primarily to boost the private sector, stressing that the Kurdistan Regional Government pays special heeds for this vital sector.

The US diplomat said that the MoU will contribute to expanding the economy of the Kurdistan Region to accommodate for women-led initiatives, deeming small-sized projects a key for the region's economic progress.

The US consul shed light upon the "commonalities and historic ties" between Washington and Erbil, laying emphasis on his country's support for the economic reforms adopted by the KRG.

[beernut] 27/2/2022 21:40

Erbil to continue talks with Baghdad over the region's oil independence, MP says
Iraq News
Vala Fareed
2022-02-27 10:37
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Shafaq News/ Kurdistan's Minister of State for Parliament Affairs, Vala Fareed, on Sunday said that the Kurdistan Regional Government (KRG) will continue the talks with the Federal Government to resolve the issue of the region's oil and gas in the aftermath of the Federal Court's ruling.

Fareed headed the KRG delegation that convened with the heads of the parliamentary blocs in the Kurdistan parliament to discuss the federal courts' decision to revoke the oil and gas law enacted by KRG in 2007.

"We all agree that the decision is political and violates the provisions and articles of the Iraqi constitution," she said in a statement to reporters, "KRG will continue the negotiations and dialogues with Baghdad to address the problem."

"The Kurdistan parliament, as a legislative body, as well as all the institutions in the Kurdistan Region will have a decisive word in this respect," she said.

The President of the Kurdistan region, Nechirvan Barzani, on Monday will convene with the Region's Prime Minister, Parliament Speaker, and Cheif Justice to ponder the reverberations of the Iraqi Federal Supreme Court's ruling that undermined the constitutionality of Kurdistan's oil and gas law.

An advisor to the region's president, Dilshad Shehab, said that the meeting will take place tomorrow, Monday.

Q

On February 15, the Iraqi Federal Supreme Court decreed that the natural resource law passed by the Kurdistan Regional Government in 2007 is unconstitutional, potentially upending the region's oil and gas industry.

Ruling that KRG oil exports and contracts with international oil companies are illegal, the court granted the federal government the right to annul such contracts, claim ownership of KRG oil, and hold Erbil liable for past oil revenues against budget allocations received from Baghdad.

In addition to undermining the KRG's energy industry, the ruling could limit federal Iraq’s too—indeed, the very concept of oil federalism is at risk. The decision also complicates the ongoing government formation process, and may even invite backlash against a judiciary that has maintained widespread respect

among Iraqis.

[nestoframpers] 27/2/2022 20:26

ERBIL — The four main presidencies of the Kurdistan Region will meet on Monday to discuss the ruling by Iraq’s Supreme Federal Court on constitutionality of Kurdistan Regional Government’s (KRG) oil industry.

The Kurdistan Region presidency, parliament, judicial council, and government will attend the meeting tomorrow to discuss the ruling and respond to the federal court, said Dilshad Shahab, a senior advisor to Kurdistan Region president.

The court earlier this month decided KRG’s oil exploration, extraction, and exports in accordance with its oil and gas law were “unconstitutional”, a decision that was widely denounced by the Kurdistan Region.

KRG soon reacted to the ruling and described it as an “unjust and unconstitutionalR21; decision that threatened the principles of federalism while violating the rights of the Kurdistan Region granted by the Iraqi constitution.

[eddie47] 27/2/2022 19:04

BP offload Rosneft stake to buy half of Shaikan.

[mr_todd_f_kozel] 27/2/2022 17:26

HTTPS://twitter.com/GoodnightCharl1/status/1497850176446234627?t=lpNr9PagIAYRyzK5TQfULg&s=19

[mr_todd_f_kozel] 27/2/2022 16:47

TAKEOVER ANNOUNCEMENT IMMINENT

[bigdog5] 27/2/2022 13:34

So highlander7 yet another topic that you and your fellow morons accused me of "making up" that has been proved as fact.

Just like I was proved correct about all the other "issues" the field has that you fantasists are in denial about.

How's an Oil law looking now that's been under discussion for ever? How long before the budget from Baghdad gets stopped? Is the "Last great frontier" producing enough oil even at the ludicrously high OP sufficient for those at the trough? Even the Kurds want Baghdad to take control as the money isn't trickling down to them.

All rather a mess still after 13 years isn't it. The reason why no one has been interested in a few barrels of heavy oil that's proving very difficult for your "experts" to extract?

All about the reality isn't it:-)

[nestoframpers] 27/2/2022 12:53

For a alternative view of what is happening in the Ukraine

[highlander7] 27/2/2022 10:51

This is about the 3/4th time they have tried to get full control of Kurdish Oil via this mickey mouse kangaroo court in Baghdad. Yet another power play and it will fail on appeal as it has always done in the past.

They need to be careful not to destroy confidence in the O&G industry in All of Iraq. Not just Kurdistan.

H7

[bravedog] 27/2/2022 10:05

Going for independence !

[beernut] 27/2/2022 09:07

KRG will not comply with the Supreme Court's ruling, Minister says
Kurdistan
erbil
Pshtiwan Sadiq
2022-02-27 08:27
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Shafaq News/ Kurdistan's Minister of Endowment and Religious Affairs, Pshtiwan Sadiq, on Sunday said that the Kurdistan Regional Government (KRG) will not comply with the Iraqi Federal Supreme Court's decision that ruled the oil independence of the region unconstitutional.

Speaking in a gathering for clerics in the capital of the Kurdistan Region, Erbil, Sadiq said, "We, in the Kurdistan Region, have an experience that was founded with blood and relentless efforts. This experience is a dream cherished by the other parts of greater Kurdistan. It is the future of our children. Thus, protecting, developing, and reforming is our responsibility."

The Minister pilloried the Supreme Court's ruling that deemed KRG's oil and gas law unconstitutional, "the court is supposed to protect the region and not the opposite."

Sadiq said that such decisions aim to decay the foundations of the Kurdistan Region, hinting at parties "who want to come to the region and rule it as before."

"We will not abide in any respect by any of the provisions of the Federal Court's resolution. The experience of the Kurdistan Region will not be undermined easily," he said.

On February 15, the Iraqi Federal Supreme Court decreed that the natural resource law passed by the Kurdistan Regional Government in 2007 is unconstitutional, potentially upending the region's oil and gas industry.

Ruling that KRG oil exports and contracts with international oil companies are illegal, the court granted the federal government the right to annul such contracts, claim ownership of KRG oil, and hold Erbil liable for past oil revenues against budget allocations received from Baghdad.

In addition to undermining the KRG's energy industry, the ruling could limit federal Iraq’s too—indeed, the very concept of oil federalism is at risk. The decision also complicates the ongoing government formation process, and may even invite backlash against a judiciary that has maintained widespread respect among Iraqis.

[nestoframpers] 26/2/2022 17:57

UK gave KRI £400 Ks worth of bullets and light guns in 2014. Still it is a sign USA are allies of KRI .

[broadford bay] 26/2/2022 13:16

I've read that Russia might be considering the use of Thermobaric weapons (as was done in Syria).
The question that needs to be posed surely is, at what point will the killing of Ukrainians and destruction of their towns and cities reach a level that will cause the Western Powers to say "Enough!"?

Do we in the West even have the will to push Putin and his thugs to a "Cuban Missile Crisis" moment?

Is there a Kennedy who could stand up and call out Putin?

Would we support him, or her, or would we turn aside?

...and could the West ever recover from backing down?

[1waving] 26/2/2022 12:00

.
Ukraine was a nuclear power.
In return for them getting rid of their nukes, Europe/NATO promised to protect Ukraine in full should they be invaded.

.

[officerdigby] 26/2/2022 10:38

Buck Rogers, will be here in a minute..



Highlanders recent holiday.

[ohojim] 26/2/2022 10:31

"This is the 22nd Century not the 20th."


Time flies.

[highlander7] 26/2/2022 10:01

All very well ,and yes the EU are incompetent, but that doesnt justify an invasion and the killing of civilians. This is the 22nd Century not the 20th.

H7

[nestoframpers] 26/2/2022 09:07

Looks like wave 5 up next to me