Gulf Keystone Petroleum Share Discussion Threads

[nowthatswhaticallmusic] 24/5/2023 11:55

HTTPS://twitter.com/111notout1/status/1661309394389282816?s=61&t=EEAJRmerpfLiAmForyb8Dw

[withoutt] 24/5/2023 11:51

I see Lansdown have increased, during all those panic sell, must be something they know.
ATB

[stevensupertrader] 24/5/2023 11:43

Can we start to pop open my last bottle of champagne ( now more left) after so many false dawns ? Kindly tell me comrades

[petebreeze37] 24/5/2023 11:26

The amarda is coming.

[nowthatswhaticallmusic] 24/5/2023 11:08

HTTPS://twitter.com/111notout1/status/1661309394389282816?s=61&t=EEAJRmerpfLiAmForyb8Dw

[nowthatswhaticallmusic] 24/5/2023 11:07

Maybe before election , anything is possible,it's clearly on way.

[highlander7] 24/5/2023 10:54

Monday it is then.

Hopefully.

[johnbuysghost] 24/5/2023 09:56

The word is no technical difficulties with pipeline and it's ready to go today.

Turkey waiting on the result on 28th.

[beernut1] 24/5/2023 09:18

Might speed the Turks up.

Iraq revive oil pipelines with three Arab countries
Economy
Iraq
Breaking

2023-05-24 08:23


Font
Shafaq News / Iraq is seeking to revive oil pipeline connections with three Arab nations while harnessing the associated gas produced during oil production operations.
According to Farhad Alaa Aldeen, the foreign relations advisor to the Iraqi Prime Minister, speaking on the sidelines of the "Qatar Economic Forum," negotiations are underway to revive a pipeline route with Saudi Arabia that was established in the 1970s. Additionally, there are plans to activate an oil pipeline route through Syria, as well as the Basra-Aqaba pipeline, which is currently under study by advisors.
These plans come at a time when Iraq is facing a halt in the export of oil from the Kurdistan region of Iraq through the Turkish port of Ceyhan, resulting in a loss of approximately 450,000 barrels per day in the region's exports.
Regarding the resumption of oil re-exports through the pipeline connecting to the Turkish port of Ceyhan, Alaa Aldeen stated that the Turkish side has cited "technical issues" impeding its resumption, adding that "the ongoing Turkish rerun elections may be preoccupying Turkish officials at the moment."
Iraq halted the export of approximately 450,000 barrels per day of crude oil from the Kurdistan region and the Kirkuk fields via the pipeline to the Turkish port of Ceyhan in March, following Iraq's legal victory in an international arbitration case against Turkey for allowing Erbil to export oil without Baghdad's consent, as Baghdad deems the region's oil exports unauthorized.
The advisor to the Iraqi Prime Minister stated, "The Turkish side initially requested negotiations regarding the $1.5 billion fine imposed by the court, but they later informed us that the cessation of oil flow through the Ceyhan pipeline was due to technical problems."
In terms of gas, Alaa Aldeen stated that Iraq is seeking to fully exploit the associated gas produced during oil production operations, estimated to range between 1.6 and 1.8 billion cubic feet of gas.
Meanwhile, Iraqi Oil Minister Hayaan Abdulghani mentioned during the Qatar Economic Forum on Tuesday that his country has a partnership with Shell to utilize associated gas from oil production in Basra. He added that the first phase, involving the extraction of approximately 400 million cubic feet of associated gas, is set to commence by the end of this month, while the second phase is scheduled for completion by year-end.
Additionally, there is a partnership with French company Total to exploit the equivalent of 600 million cubic feet of gas over a period of five years.
Oil-producing nations have the potential to provide an additional $82 billion in annual resources by harnessing the flared gas, also known as associated gas, during the oil extraction process, according to Global Data.
Russia, Iraq, Iran, the United States, Algeria, Venezuela, and Nigeria are considered the top seven countries that have consistently flared gas over the past nine years since the launch of the first satellite in 2012 to track gas flaring operations, according to World Bank data.
These seven countries account for 40% of global oil production annually, yet they contribute to approximately two-thirds of global gas flaring operations.

[kurdmam63] 24/5/2023 09:03

You must have heard the same whispers in the Pret queue.....

[johnbuysghost] 24/5/2023 08:25

Pipeline likely to be open by month end.........

[martyre] 24/5/2023 08:06

On 23 May 2023 Peel Hunt Limited had a Hold rating on GKP with a target price of £2.59

[habshan] 24/5/2023 07:59

"What has Sudan got to do with the...."

Iraqi officials and the media tend to refer to the current Iraqi government of Moh'd al-Sudani as the Sudanese government.

[meanreverter] 24/5/2023 07:49

What has Sudan got to do with the projected Basra–Aqaba pipeline? Sudan is ~800 km across the Red Sea from Aqaba (the nearest point to Sudan on the pipeline).

[punter26] 24/5/2023 06:32

Mujahid Al-Taie (Twitter May 22nd)

About postponing the implementation of the pipeline project Basra - Aqaba .

1) Two Iraqi officials told Al-Araby Al-Jadeed: The Sudanese government postponed the implementation of the Basra-Aqaba pipeline project, agreed upon between Iraq and Jordan, due to extensive pressure exerted by armed factions and political forces allied to Iran in this regard.

2) Two Iraqi officials told Al-Araby Al-Jadeed: The factions and forces are reluctant to proceed with the implementation of the project, which gives Iraq a new outlet to export its oil through the Red Sea, along with the waters of the Arabian Gulf and the Turkish port of Ceyhan, under the pretext of fear that the oil will go to Israel, while observers believe that the Iranian obstruction Fear of competition.

3) An Iraqi official in the Opinion Committee of the Ministry of Oil told Al-Araby Al-Jadeed: The Basra-Aqaba pipeline project "has been postponed for political and security reasons." And the Sudanese government informed "the Jordanian side that it is working on studying the project again, due to the presence of technical and legal observations, in addition to the lack of financial allocations from the government to complete this project at the present time."

4) An Iraqi official in the Oil Ministry told Al-Araby Al-Jadeed: The real reason behind delaying the implementation of the Basra-Aqaba pipeline project is the presence of real threats by armed parties to target the project in the event that the government begins its implementation, in addition to the great political pressure on the Prime Minister to prevent him from proceeding with this project by political forces within the coordination framework. Most notably al-Maliki and Khazali, and for this reason the project was postponed.

5) An official in Al-Sudani’s office during a call with Al-Araby Al-Jadeed: The Iraqi government did not include any financial allocations for the implementation of this project within the three budgets (2023, 2024, 2025) sent to Parliament. This is sufficient to confirm that the project is not going to be started during the coming years at least, and this is due to the large rejection by armed and political parties.

[highlander7] 24/5/2023 06:27

Malcy.....


The market is buzzing with potential news with regards the pipeline but with the Turkish elections still yet to be decided I suspect that big decisions such as re-opening may be on the back burner. But with little doubt as to the outcome it is only a matter of time that it reopens and with that the associated cash flow. But and it is a big but, the decision whether to cancel the dividend had to be taken and prudence won the day and so the divvi goes.

[highlander7] 24/5/2023 06:06

RNS

Garrett Soden, currently Non-Executive Director and shareholder representative of Lansdowne Partners Austria GmbH, has advised the Board that he will not be standing for re-election at the 2023 AGM following his appointment as President and Chief Executive Officer of ShaMaran Petroleum Corp. on 15 May 2023. The Company and Lansdowne Partners Austria GmbH will discuss a suitable shareholder representative replacement.

[stevensupertrader] 24/5/2023 05:30

Johnny Boy (JB) I don’t want to listen to your fake whisper Or hear say - just keep them to yourself . This will do us a favour, .already navigating GKP is like a minefield ,, we don’t need your !repeated hearsay whispers constantly here .

[nufc9] 23/5/2023 23:43

Iraq's oil minister Hayan Abdulghani said today that his country is waiting for a green light from Turkey to resume exports of northern Iraqi crude through the Mediterranean port of Ceyhan, but hinted that it could come following the conclusion of Turkey's presidential elections.

"We are waiting for their [Turkey] response," Abdulghani told the Qatar Economic Forum in Doha today. Turkey had previously told Iraq it was evaluating whether the pipeline was damaged as a result of the devastating earthquakes in February.

Abdulghani said both sides have engaged in negotiations since the international arbitration ruling in March that said Turkey had breached a 1973 pipeline agreement by allowing KRG oil to be exported without Baghdad's consent between 2014 and 2018.

"We have signed four contracts [with international oil companies in Kurdistan Iraq] allowing us to export oil from that part of Iraq and we have informed our counterparts in Turkey," the minister said. As part of the deal between Baghdad and Erbil, state marketer Somo will be marketing crude from the northern Kurdish region which will also be subject to Baghdad's official formula prices. "There will be an Iraqi delegation sent to Turkey in order to make sure that oil exports can be possible," Abdulghani added.

Asked by Argus on the sidelines of the forum whether he expects crude exports to restart after Turkey wraps up its presidential elections, Abdulghani said "yes, I hope so". The second round of Turkey's presidential election takes place on 28 May as neither incumbent Recep Tayyip Erdogan nor opposition rival Kemal Kilicdaroglu passed the 50pc threshold needed to win the vote.

A source with knowledge of the matter acknowledged to Argus that the restart of exports has become more of a political than a logistical issue.

[ptmorris1] 23/5/2023 21:52

"Kurdmam63 23 May '23 - 19:00 - 677918 of 677928
Probably looking for a 10mm socket..."

I think I laughed a little too loud at that.
Those that know, know.

[nestoframpers] 23/5/2023 21:14

I was thinking 2 weeks JBG. Anyway it will be open and Blackrock will be buying GKP shares right up to £20 imo.

[nowthatswhaticallmusic] 23/5/2023 20:48

This is going vertical to the moon .This week.

[theythinkitsallover] 23/5/2023 20:18

These whispers have been awfully incorrect over the years.

Maybe you need to get a hearing aid