Gulf Keystone Petroleum Share Discussion Threads

[martyre] 03/4/2024 13:37

https://abcnews.go.com/International/wireStory/turkey-denies-newly-elected-pro-kurdish-mayor-hold-108761581

[bigdog5] 03/4/2024 13:32

Is Carroll still pumping out her 10 year "imminent takeover" BS.

No one has the slightest interest in the sludge, its why a few years ago the company were forced into announcing their plans were to "go their own way"!!

The best you gullible fantasists can hope for is a cheap consolidation.

Pipe open is it scotty snowflake, Day 376!!! Day 93 of your "soon". Will it get opened this year?? Will the sludge be in the mix? Epicure in control are they? The Yanks banging heads are they?

Always ready to top your BS and fantasies with the reality:-)

[kurdmam63] 03/4/2024 13:05

Rupert was very animated in the lunch queue. You can take that to the bank.

[punter26] 03/4/2024 11:46

APIKUR @apikur_oil (2 April 2024)

"Words matter. It’s good to see the U.S. ambassador to Iraq emphasize the importance of oil and gas production in Kurdistan Region with Iraq ministry of Oil

Let’s get the oil flowing through Iraq-Türkiye pipeline, before PM Sudani visits @WhiteHouse"

[pittcock] 03/4/2024 11:45

Biden needs to fill SPR at these prices lol. All coming to a head.

[worldquant] 03/4/2024 11:33

AGREED - FILL BOOTS - if you haven't so far

I really don't think shareholders here need to worry about pipelines anymore.
It is increasingly highly likely the company has finally been sold.
TBA.
The BOD have been very consistent in awarding themselves huge fwd performance incentives.
They haven't this year as they won't be listed much longer and the deal will have been done on watershed of last audited accounts, along with the number of employee, PDMR, BOD options which will all vest immediately on sale, being fixed as of that date.

[arcadian] 03/4/2024 11:21

I wish The Kurds would declare their independence. They get no joy from Baghdad.

[kenjen1] 03/4/2024 10:55

Oil almost at 90$ a barrel and still no export to Turkey from Kurdistan. The jealousy from Iraq to Kurdistan clearly has no limit. At $90 you would think all obstacles could be overcome. The hatred seems strong enough to even ignore current oil prices

[hugetakeaway] 03/4/2024 10:53

Increasingly likely the company has an agreed sale TBA..https://x.com/goodnightcharl1/status/1775409089738113513?s=61&t=EEAJRmerpfLiAmForyb8Dw.

[hugetakeaway] 03/4/2024 10:52

I really don't think shareholders here need to worry about pipelines anymore.It is increasingly highly likely the company has finally been sold.TBA.The BOD have been very consistent in awarding themselves huge fwd performance incentives.They haven't this year as they won't be listed much longer and the deal will have been done on watershed of last audited accounts, along with the number of employee, PDMR, BOD options which will all vest immediately on sale, being fixed as of that date.

[milliecusto] 03/4/2024 10:52

How many meetings do this lot have, I can see this trundle on rest of the year and next

[beernut1] 03/4/2024 10:38

KRG delegation arrives in Baghdad for salaries, budget talks
Among other topics of discussion at the meeting are the Peshmerga and Kurdistan Region security salaries. author_image Kurdistan 24
3 Hours

Senior KRG delegation in Baghdad, April 3, 2024. (Photo: KRG)
Senior KRG delegation in Baghdad, April 3, 2024. (Photo: KRG)
Kurdistan Budget civil servant salaries Awat Janab Noori
ERBIL (Kurdistan24) – A delegation of the Kurdistan Regional Government (KRG) led by Kurdistan Regional Government (KRG) Minister of Finance and Economy Awat Janab Noori has arrived in Baghdad to discuss salaries and budget issues, according to a statement issued by the Ministry of Finance and Economy.

Among other topics of discussion at the meeting are the Peshmerga and Kurdistan Region security salaries.

Muhammed Abdulqadir, Director General of Accounting at the Ministry of Finance, told Kurdistan24 that the March salary list would be sent to Baghdad in two ways. However, the second list of March salaries will be prepared and sent within 20 days.

The Iraqi Ministry of Finance has so far only sent salaries for December and February this year to the Kurdistan Region.

Previously, Narmin Ma'roof, a member of the Iraqi Parliament's Finance Committee, told Kurdistan24 that procedures for sending Kurdistan Region civil servant salaries for March will be will be like those of February.

In the absence of paying the Kurdish share of the federal budget, the Iraqi government has released several payments as loans to Erbil for it to be able to pay its civil servants.

Since its adoption in early June, KRG diplomats have alleged the budget has not been implemented properly by the government. Instead of paying the Kurdish share, they allege Baghdad has released allowances to Erbil to cover public salaries.

Hailed as one of the country’s biggest budgets, state expenditures were set at 198.91 trillion Iraqi dinars ($153 billion), with a deficit of more than 64 trillion dinars (over $48 billion).

[beernut1] 03/4/2024 10:34

US Ambassador Meets Iraqi Oil Minister ahead of Prime Minister’s Visit to Washington
A major item on the U.S. agenda for Sudani's visit will be to secure the resumption of Kurdish oil exports. author_image Laurie Mylroie
13 Minutes

U.S. ambassador to Iraq, Alina Romanowski (left), during his meeting with Iraqi Deputy Prime Minister and Oil Minister, Hayan Abdelghanii, April 3, 2024. (Photo: Alina Romanowski/ X)
U.S. ambassador to Iraq, Alina Romanowski (left), during his meeting with Iraqi Deputy Prime Minister and Oil Minister, Hayan Abdelghanii, April 3, 2024. (Photo: Alina Romanowski/ X)
World Alina L Romanowski Hayan Abdelghanii
WASHINGTON DC, United States (Kurdistan 24) – Iraqi Prime Minister Mohammed Shia’ al-Sudani is to visit Washington on April 15, when he will meet with U.S. President Joe Biden.

Read More: Iraqi Prime Minister to Make First Visit to Washington

It will be the first meeting between the two leaders. Indeed it will be Sudani’s first visit to the U.S. capital, although he did visit New York last September for the opening of the U.N. General Assembly, where he met Secretary of State Antony Blinken.

In that meeting, Blinken “conveyed an invitation from President Biden to the Prime Minister to visit the White House soon,” according to the U.S. read-out.

U.S. Says Baghdad Should Allow Renewed Kurdish Oil Exports

A major item on the U.S. agenda will be to secure the resumption of Kurdish oil exports, which had previously gone to the international market through the pipeline to Ceyhan, Turkey, on the Mediterranean coast.

They were halted a year ago, in March 2023, after Iraq won an international court ruling, saying that Ankara had not properly sought Baghdad’s permission to export Kurdish oil.

A year later, that pipeline remains closed. With the announcement of Sudani’s visit, the oil companies operating in the Kurdistan Region, which have formed The Association of the Petroleum Industry of Kurdistan (APIKUR), called on the U.S. Congress in late January to help “persuade the Federal Government of Iraq (GOI) to promptly resolve issues that have resulted in the halt of greater than 400,000 barrels a day of crude oil exports from the KRI [Kurdistan Region of Iraq] to global markets.”

Read More: Kurdistan-based oil companies call on U.S. Congress to help resume oil exports

And that, indeed, is an issue that Congress is pressing on the Biden administration.

Read More: Congressmen Call for Baghdad’s Mistreatment of ‘Kurdish Allies’ to End, as Sudani’s Visit to Washington Approaches

It is also an issue that the administration is pressing with Baghdad. On Tuesday, the U.S. ambassador to Iraq, Alina Romanowski, met with Iraqi Deputy Prime Minister and Oil Minister, Hayan Abdelghanii.

“In preparation for PM Sudani’s visit to the US @HAbdalghanii @iqministryofoil and I discussed Iraqi energy independence benefiting Iraqis,” she tweeted.

“Leveraging Iraq Kurdistan Region-based oil and gas can help Iraq on its path towards energy autonomy,” her tweet added.


Iraq imports electricity from Iran, and the U.S. regularly gives Iraq a sanctions waiver to do so. If Iraq succeeded in gaining energy independence, the entire process would be unnecessary. Thus, the U.S. would decidedly like to see that happen,

Last week, Iraqi Foreign Minister Fuad Hussein visited Washington in preparation for Sudani’s visit. The U.S. officials with whom he met urged an improvement in relations with Erbil, including the renewal of Kurdish oil exports.

Read More: U.S. Encourages Better Ties Between Baghdad and Erbil, including Resumption of KRG Oil Exports

As Blinken and Hussein met, State Department Spokesperson Matthew Miller affirmed, “The U.S. 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 would be mutually beneficial to all parties,” Miller continued, “and because of that reason, that’s why we’ll continue to pursue it.”

Thus, the U.S. position is clear. What remains to be seen is how effective Wasington will be in securing Baghdad’s agreement.

[punter26] 03/4/2024 10:28

(Similar to this mornings Kurdistan Chronicle article)...

...“Leveraging Iraq Kurdistan Region-based oil and gas can help Iraq on its path towards energy autonomy,” (Romanowski's) tweet added"...


US Ambassador Meets Iraqi Oil Minister ahead of Prime Minister’s Visit to Washington.
(A major item on the U.S. agenda for Sudani's visit will be to secure the resumption of Kurdish oil exports).

(Kurdistan 24: 4 Mins ago)


"WASHINGTON DC, United States – Iraqi Prime Minister Mohammed Shia’ al-Sudani is to visit Washington on April 15, when he will meet with U.S. President Joe Biden.

(Read More: Iraqi Prime Minister to Make First Visit to Washington)

It will be the first meeting between the two leaders. Indeed it will be Sudani’s first visit to the U.S. capital, although he did visit New York last September for the opening of the U.N. General Assembly, where he met Secretary of State Antony Blinken.

In that meeting, Blinken “conveyed an invitation from President Biden to the Prime Minister to visit the White House soon,” according to the U.S. read-out.


U.S. Says Baghdad Should Allow Renewed Kurdish Oil Exports
-------------------------------------------------------
A major item on the U.S. agenda will be to secure the resumption of Kurdish oil exports, which had previously gone to the international market through the pipeline to Ceyhan, Turkey, on the Mediterranean coast.

They were halted a year ago, in March 2023, after Iraq won an international court ruling, saying that Ankara had not properly sought Baghdad’s permission to export Kurdish oil.

A year later, that pipeline remains closed. With the announcement of Sudani’s visit, the oil companies operating in the Kurdistan Region, which have formed The Association of the Petroleum Industry of Kurdistan (APIKUR), called on the U.S. Congress in late January to help “persuade the Federal Government of Iraq (GOI) to promptly resolve issues that have resulted in the halt of greater than 400,000 barrels a day of crude oil exports from the KRI [Kurdistan Region of Iraq] to global markets.”

(Read More: Kurdistan-based oil companies call on U.S. Congress to help resume oil exports)

And that, indeed, is an issue that Congress is pressing on the Biden administration.

(Read More: Congressmen Call for Baghdad’s Mistreatment of ‘Kurdish Allies’ to End, as Sudani’s Visit to Washington Approaches)

It is also an issue that the administration is pressing with Baghdad. On Tuesday, the U.S. ambassador to Iraq, Alina Romanowski, met with Iraqi Deputy Prime Minister and Oil Minister, Hayan Abdelghanii.

“In preparation for PM Sudani’s visit to the US @HAbdalghanii @iqministryofoil and I discussed Iraqi energy independence benefiting Iraqis,” she tweeted.

“Leveraging Iraq Kurdistan Region-based oil and gas can help Iraq on its path towards energy autonomy,” her tweet added.

Iraq imports electricity from Iran, and the U.S. regularly gives Iraq a sanctions waiver to do so. If Iraq succeeded in gaining energy independence, the entire process would be unnecessary. Thus, the U.S. would decidedly like to see that happen,

Last week, Iraqi Foreign Minister Fuad Hussein visited Washington in preparation for Sudani’s visit. The U.S. officials with whom he met urged an improvement in relations with Erbil, including the renewal of Kurdish oil exports.

(Read More: U.S. Encourages Better Ties Between Baghdad and Erbil, including Resumption of KRG Oil Exports)

As Blinken and Hussein met, State Department Spokesperson Matthew Miller affirmed, “The U.S. 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 would be mutually beneficial to all parties,” Miller continued, “and because of that reason, that’s why we’ll continue to pursue it.”

Thus, the U.S. position is clear. What remains to be seen is how effective Wasington will be in securing Baghdad’s agreement."

[hugetakeaway] 03/4/2024 10:18

I really don't think shareholders here need to worry about pipelines anymore.It is increasingly highly likely the company has finally been sold.TBA.The BOD have been very consistent in awarding themselves huge fwd performance incentives.They haven't this year as they won't be listed much longer and the deal will have been done on watershed of last audited accounts, along with the number of employee, PDMR, BOD options which will all vest immediately on sale, being fixed as of that date.

[ptmorris1] 03/4/2024 10:00

What is the difference between the two pipelines apart from the 'new' one only being 85% ready?

[punter26] 03/4/2024 09:25

("Yaqub cautioned that 'IRAQ2' may be vulnerable to interference or manipulation by the United States, posing a significant threat to Iraq's financial stability". Its not clear whether this account closure was originally intended to exert pressure by the US upon Baghdad. Nevertheless, as Habshan mentioned yesterday, apparently it could be used in such a way now - Punter26)


US Closure of Iraqi Oil Account Sparks Stability Concerns
(Bas News April 2 2024)

"ERBIL — Iraq's economic stability has been cast into doubt following the closure of the account used by the country to collect revenue from oil sales by the United States, according to a letter disclosed to the Finance Committee of the Iraqi Parliament.

Dated March 18, 2024, the letter, signed by Ammar Khalaf, Deputy Governor of the Central Bank, outlined the closure of the Development Fund for Iraq (DFI) account, which has been operational since 2003. This account, overseen by the United Nations and the United States, has been crucial in facilitating Iraq's oil revenue collection and management.

Previously held at the US Federal Reserve Bank, the DFI account allowed Iraq to receive oil revenues in dollars and allocate them for essential expenditures under agreements with the United States. However, with the account's closure, Iraq's oil revenue is now directed to a new account, identified as IRAQ2.

The transition has sparked concerns among experts such as Kamaran Qadir Yaqub, a finance and banking specialist, who warns of potential risks to the protection of Iraq's revenue. Yaqub cautioned that IRAQ2 may be vulnerable to interference or manipulation by the United States, posing a significant threat to Iraq's financial stability.

Additionally, the letter highlighted a contractual agreement between Iraq and a US company for the transportation of dollars from the United States to Iraq. Iraq paid a security deposit of $441,000, with a transportation fee of $216,310 for each convoy of dollars, as detailed in the correspondence."

[punter26] 03/4/2024 09:13

Mohammed A. Salih reposted
Kurdistan Chronicle@KurdChronicle

"In a meeting with Iraqi Deputy PM for Energy Affairs and Minister of Oil Hayyan Abdul Ghani & US Ambassador to Iraq underlined that “leveraging oil and gas resources based in the Kurdistan Region of Iraq can assist Iraq in advancing towards energy autonomy.”
From kurdistanchronicle.com
10:33 PM · Apr 2, 2024
----------------------------------


U.S. Ambassador Underlines Leveraging Oil and Gas in Kurdistan Can Help Iraq

(Kurdistan Chronicle: Wladimir van Wilgenburg - April 03, 2024)


"In a meeting on April 2 with Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil Hayyan Abdul Ghani, U.S. Ambassador Alina L. Romanowski underlined that “leveraging oil and gas resources based in the Kurdistan Region of Iraq can assist Iraq in advancing towards energy autonomy.”

In a post on X, she added that the meeting was in preparation for Iraqi Prime Minister Mohammed Shia’ Al Sudani’s visit to the United States, which is set to take place on April 15.

(Read More: U.S. Encourages Efforts to Enhance Baghdad-Erbil Ties)

During a meeting between U.S. Secretary of State Antony J. Blinken and Iraqi Foreign Minister Fuad Hussein on March 26, Secretary Blinken encouraged efforts to enhance the Baghdad-Erbil relationship.

On March 25, 2023, independent oil exports from the Kurdistan Region through Turkey were stopped after a Paris-based international arbitration court in favor of Baghdad against Ankara.

(Read More: Congressmen Urge Biden to Press Baghdad on Kurdistan Oil Exports)

In a letter released on March 28, eight Republican members of Congress urged President Joe Biden to make the immediate resumption of the Kurdistan Region’s oil exports a precondition for any visit by Iraqi Prime Minister Sudani to the United States.

Moreover, in a statement released on March 23, the Association of the Petroleum Industry of Kurdistan, which represents several international oil companies in the Kurdistan Region, called on the Biden administration and U.S. members of Congress to push the Iraqi government to resume crude oil exports from the Kurdistan Region.

During an official visit to Washington, D.C., in February, Kurdistan Regional Government Prime Minister Masrour Barzani called on the Biden administration to accelerate the resumption of oil exports.

“The lack of exports has hurt everyone — costing billions in lost revenues. It makes no sense,” Prime Minister Barzani wrote on X on March 1.

[furenstaurus] 03/4/2024 09:12

The LTIP was approved by Gulf Keystone Petroleum Limited's shareholders at the Company's Annual General Meeting held on 17 July 2014; this is the sixth award to be made under the LTIP and is in accordance with the agreed annual issue cycle which follows release of the Company's full year results. The awards are made to eligible employees of the wider workforce, including to employees in Kurdistan.................................................Every year awarded within 1-6 days of FY.We now at day 13 after results, for this year.No award so far.................................................If new awards remain absent, and it looks like they wiil, implies a friendly sale agreed, with dilutive option share numbers finalised as at 2023 FY.One of several indicators a deal done , most important so far.Fill yer boots

[furenstaurus] 03/4/2024 07:35

Increasingly likely the company has an agreed sale TBA..https://x.com/goodnightcharl1/status/1775409089738113513?s=61&t=EEAJRmerpfLiAmForyb8Dw.

[furenstaurus] 03/4/2024 07:35

Mid May resumption of exportsWill take operators a few weeks to setup export ops so looks good for an announcement shortly,with mid May practical restart..https://x.com/john78846295/status/1775257623862124773?s=61&t=EEAJRmerpfLiAmForyb8Dw

[tygarreg] 03/4/2024 07:35

I wonder if the local sales end up in an export pipeline anyway but with IOC making the profit!

[furenstaurus] 03/4/2024 07:33

Increasingly likely the company has an agreed sale TBA..https://x.com/goodnightcharl1/status/1775409089738113513?s=61&t=EEAJRmerpfLiAmForyb8Dw.

[tygarreg] 03/4/2024 07:33

So that's kicked down the line another 6 weeks!