Gulf Keystone Petroleum Share Discussion Threads

[furenstaurus] 27/3/2024 08:34

That aim has failed.

[meanreverter] 27/3/2024 08:31

The aim of the ICG is becoming clear: to succeed where Saddam had failed, in crushing the Kurds into submission. For this purpose, the closure of the Fishkhabour–Ceyhan pipeline was a godsend. While this hurts Iraq as a whole, it is devastating for the KRG, which relied on the revenue from oil exports through the pipeline for most of its income.

Given the complex multi-party nature of the dispute, the ICG can deflect responsibility for its actions by blaming other parties. Turkey has given its unconditional blessing to the reopening of the pipeline (without, however, coming up with any payment of the $1.47bn owed to the ICG under the Paris court award). So the ICG has now blamed the IOCs for the continued non-flow of oil, while maintaining the facade of brotherly unity with the Kurds.

This blame is, of course, absurd. All the IOCs want is payment of what is due to them by the KRG, according to the agreements signed between the KRG and them under international law. Under those agreements, the IOCs are still owed substantial back payments for oil already delivered. The language of the ICG effectively treats the IOCs as having no rights — merely an obligation to deliver oil to the ICG for whatever pittance the ICG chooses to give them.

[hugetakeaway] 27/3/2024 08:08

Fill yer BOOTS.A free hit. fill yer BOOTS..https://twitter.com/BurggrabenH/status/1772660072578986443?t=6BtCOuQZGgkuCQ6O0SRNNA&s=19

[hugetakeaway] 27/3/2024 08:07

Peel Hunt analysis TP on locals sales alone 196..A free option..https://x.com/edissuper/status/1772707310298685674?s=61&t=EEAJRmerpfLiAmForyb8Dw

[hugetakeaway] 27/3/2024 08:07

Target price 196

[milliecusto] 27/3/2024 07:59

It's on a hold rating, no buy

[furenstaurus] 27/3/2024 07:41

Peel Hunt analysis TP on locals sales alone 196..A free option..https://x.com/edissuper/status/1772707310298685674?s=61&t=EEAJRmerpfLiAmForyb8Dw

[furenstaurus] 27/3/2024 07:41

A free hit. fill yer BOOTS..https://twitter.com/BurggrabenH/status/1772660072578986443?t=6BtCOuQZGgkuCQ6O0SRNNA&s=19

[milliecusto] 27/3/2024 07:37

It's not pipeline news, seems more broader on Kurdish identity

[shortsqueezer] 27/3/2024 07:31

Announced yesterday. So today :-)

[shortsqueezer] 27/3/2024 07:26

https://shafaq.com/en/Kurdistan/PM-Barzani-Kurdistan-s-Cabinet-to-announce-Important-Decision-tomorrow

[shortsqueezer] 27/3/2024 07:05

114505 trade on the pinks. I've noticed that they have been a lot bigger than normal over the last few sessions.

[furenstaurus] 27/3/2024 06:24

Peel Hunt analysis TP on locals sales alone 196..A free option..https://x.com/edissuper/status/1772707310298685674?s=61&t=EEAJRmerpfLiAmForyb8Dw

[furenstaurus] 27/3/2024 06:23

A free hit. fill yer BOOTS..https://twitter.com/BurggrabenH/status/1772660072578986443?t=6BtCOuQZGgkuCQ6O0SRNNA&s=19

[highlander7] 27/3/2024 05:10

Alexander Stahel 🇺🇦🇮🇱@BurggrabenH

Not for the faint of heart but...

Gulf Keystone is effectively a free option (no time value) at this stage as local sales cover all cost. Once exports resume (question is when not if), this stock will be up >50%. Meanwhile, Shaikan is the type reservoir where time is your friend .

[highlander7] 27/3/2024 05:01

Kurdistan Watch @KurdistanWatch; 10h

The Iraqi PM is scheduled to visit Washington DC for a meeting with Biden on April 15th.

Now, reports that Turkey’s Erdogan is set to visit DC to meet with Biden on May 9th.

[luckyclicker] 27/3/2024 04:46

https://www.rudaw.net/english/business/260320241

[luckyclicker] 27/3/2024 04:46

"The US has been engaged at the most senior levels on this issue and we have urged all parties to reach an agreement to resume the flow of oil through this pipeline. We believe that restarting oil exports through the pipeline will be mutually beneficial to all parties and because of that reason, that's why we'll continue to pursue it," US State Department Spokesperson Matthew Miller told Rudaw's Diyar Kurda during a press briefing on Tuesday. 

[justiceforthemany] 26/3/2024 21:50

Stop foreign aid payments to Iraq.
Stop purchasing GoI Iraq oil.
Threaten sanctions.....

Unless exports resume.
Play hardball.
MAXIMUM pressure has to be applied NOW, until they agree.

[punter26] 26/3/2024 21:24

[Evening beernut :) ..I may as well post up the Sorani translation while I'm at it I suppose]
-------------------------

US State Department: We are working at a high level to resume Kurdistan oil exports

(Rudaw Sorani 3 hrs ago)


"The US and Iraqi Secretaries of State discussed the conflict between Erbil and Baghdad, the State Department told Rudaw. He added that senior US officials are on the line to resume oil exports from the Kurdistan Region.

“Secretary of State [Anthony Blinken] has made it clear that economic stability between Erbil and Baghdad will benefit all Iraqis,” US State Department spokesman Matthew Miller told Rudaw's Washington office chief Diyar Kurda at a news conference on Tuesday It will also be good for the region.”

"We encourage both partners [Erbil and Baghdad] to work together," the State Department spokesman said.

Iraqi Foreign Minister Fuad Hussein met with US Secretary of State Anthony Blinken in Washington at 9:00 am Washington time and 4:00 pm Erbil time.

"The United States is on the line at a high level on this issue," Miller said. "We have asked all parties to reach an agreement to export oil through the pipeline. We believe that exporting oil through the pipeline will be of mutual benefit to all parties," he said.

The Ministry of Natural Resources of the Kurdistan Region of Iraq (KRG) said Tuesday that a year has passed since the suspension of oil exports to the port of Jayhan Despite the agreement, oil exports have not resumed and the process has been further complicated by unfair provisions of the budget law.”

The Ministry of Natural Resources says the Kurdistan Regional Government (KRG) has handed over more than 11 million barrels of oil to the federal government in good faith to resolve the issues "It can pay the financial entitlements of oil producing companies.

Meanwhile, the Iraqi Oil Ministry spokesman Assem Jihad said Tuesday that one of the priorities of the Iraqi government is to work to resolve the issue of suspending oil exports from the Kurdistan Region and for this purpose several technical and legal committees have been formed between Erbil and Baghdad oil.

Kurdistan Regional Government (KRG) has suspended oil exports to Turkey since March 25,

"The Iraqi-Turkish oil pipeline has been closed for a year, affecting international oil companies in the Kurdistan Region and suspending 450,000 barrels of oil per day to world markets," the Kurdistan Oil Industry Association (KIO) said in a report.

Rudaw reporter Diyar Kurda's questions and US State Department spokesman Matthew Miller's answers:

Rudaw: Regarding today's meeting between Minister Blinken and the Iraqi Foreign Minister, did they discuss the differences between Erbil and Baghdad? What is the US view of the conflict between the two sides? Any concerns about those conflicts?

Matthew Miller: Yes, they discussed that issue. Secretary of State [Anthony Blinken] has made it clear that economic stability between Erbil and Baghdad will benefit all Iraqis, as well as the region; That’s why we encourage both partners to work together.

Rudaw: The second question is about energy. Minister Blinken said they would discuss the issue at their meeting. Kurdistan Regional Government (KRG) oil exports have been suspended for a year. Foreign companies, including US companies, have suspended operations and there is a dispute between US companies and the Iraqi Oil Ministry. The United States has held talks with all parties to resume oil exports. what's your view Why hasn't it started again? How will the United States work with US companies and the Iraqi government to resume exports?

Matthew Miller: The United States is on the line at a high level on the issue. We have called on all parties to reach an agreement to export oil through the pipeline. We believe that re-exporting oil through the pipeline will be of mutual benefit to all parties. For that reason we care."

[beernut1] 26/3/2024 21:19

Thanks Punter keep banging em out we will get there
Gla

[punter26] 26/3/2024 21:13

Matthew Miller: We are in high-level communication to restart oil exports
(Kurdistan24 - Turkish 32 mins)


"The US State Department called for the resumption of exports of Kurdistan Region oil and reported that high-level talks were held on the resumption of exports.

US State Department Spokesperson Matthew Miller said in his statement that Secretary of State Antony Blinken and Iraqi Foreign Minister Fuad Hussein emphasized the solution of the problems between Baghdad and Erbil.

According to Miller's statement, the US Secretary of State called for an agreement to restart oil exports from the Kurdistan Region through Ceyhan Port.

"Stability between Erbil and Baghdad will benefit all Iraqis and the Kurdistan Region economically, and we encourage both parties to work together." Miller said, “The USA is in high-level communication to restart oil exports from the Kurdistan Region. “We called on all parties to reach an agreement on the resumption of oil exports.” said.

Spokesperson Matthew Miller said: “We believe that the resumption of oil exports will benefit all parties equally. Therefore, we will continue our efforts to reach an agreement.” he said.

Following the decision of the International Arbitration Court in Paris on March 25, 2023, regarding oil exports from the Kurdistan Region, oil exports through Ceyhan Port were suspended."

[punter26] 26/3/2024 21:02

US says resumption of Kurdistan oil exports to benefit all parties

(Rudaw 1hr ago)


"ERBIL, Kurdistan Region - US State Department spokesperson on Tuesday said that Washington has urged all parties to reach an agreement for the resumption of Kurdistan Region’s oil exports, adding that the restart of the process will be “mutually beneficial” to all parties.

Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline ceased on March 23, 2023, following a ruling by a Paris-based arbitration court in favor of Baghdad against Ankara. The court determined that Ankara had violated a 1973 agreement by permitting Erbil to commence independent oil exports in 2014.

“The US has been engaged at the most senior levels on this issue and we have urged all parties to reach an agreement to resume the flow of oil through this pipeline. We believe that restarting oil exports through the pipeline will be mutually beneficial to all parties and because of that reason, that's why we'll continue to pursue it,” US State Department Spokesperson Matthew Miller told Rudaw’s Diyar Kurda during a press briefing on Tuesday.

Despite several meetings between Erbil, Baghdad and Ankara, the oil exports have yet to be resumed.

The resumption of oil exports through the Iraq-Turkey pipeline will resume once outstanding issues between the Iraqi federal government and the Kurdistan Regional Government on the mechanism of the exports are resumed, Ali Abdulsattar, a member of the Iraqi parliament’s oil and gas committee, said on Monday.

The Iraqi oil ministry on Monday blamed the international oil companies (IOCs) working in the Kurdistan Region for not reopening the pipeline, stressing that halting the process was not the decision of Baghdad and that the federal government is “the most affected” by the halt in exports.

The ministry was responding to a statement by an IOC association in the Kurdistan Region, and labeled the statement a “blatant interference” in Iraqi affairs.

The KRG has failed to pay the salaries of its civil servants on time and in full for a decade due to a financial crisis which deteriorated when the flow of oil to the international markets was suspended. The Kurdish government now relies on local income and its controversial share from the federal budget. The KRG paid nine salaries of public employees last year and has paid only one salary this year.

The closure prevents the export of 450,000 barrels of crude oil per day from the Kurdistan Region, costing Baghdad and Erbil billions of dollars in losses.

US Secretary of State Antony Blinken on Tuesday received Iraqi Foreign Minister Fuad Hussein in Washington. The visit comes weeks before Iraqi Prime Minister Mohammed Shia’ al-Sudani’s meeting with the US President Joe Biden at the White House.

Miller also told Rudaw during Tuesday’s press briefing that Blinken and Hussein touched on Erbil-Baghdad issues.

“So they did discuss that [Erbil-Baghdad] issue. The secretary made clear that stability between Baghdad and Erbil would bring economic benefits to all Iraqis. It would be good for the region, and that we encourage the two partners to work together,” said Miller."

[punter26] 26/3/2024 20:55

john@john78846295

US Secretary of State Anthony #Blinken has called for an agreement to resume #oil exports from Kurdistan.
-----------------------

Matthew Miller: We are on the line about the resumption of oil exports from the Kurdistan Region

(Kurdistan24: Kurmanji - 51mins ago)


"The US State Department has called for the resumption of oil exports from the Kurdistan Region of Iraq (KRG).

US Secretary of State Anthony Blinken met with Iraqi Secretary of State Fuad Hussein in Baghdad on Wednesday, State Department spokesman Matthew Miller said.

The US Secretary of State has called for an agreement to resume oil exports from the Kurdistan Region through the World Oil Pipeline.

"Stability between Erbil and Baghdad will benefit all Iraqis and the Kurdistan Region and we encourage both sides to work together," Miller said.

"The United States is on the line at a high level to resume oil exports from the Kurdistan Region. We have asked all parties to reach an agreement to resume oil exports. We believe that the resumption of oil exports will benefit all parties equally agreed."

After the decision of the International Court of Arbitration in Paris on March 25, 2023, the export of oil to the port of Ceyhan was suspended. Negotiations between the Kurdistan Region, Iraq and Turkey continue"

[hugetakeaway] 26/3/2024 20:48

Peel Hunt analysis TP on locals sales alone 196..A free option..https://x.com/edissuper/status/1772707310298685674?s=61&t=EEAJRmerpfLiAmForyb8Dw