Gulf Keystone Petroleum Share Discussion Threads

[habshan] 03/4/2024 19:28

"I don’t think john has done any background research into the numbers involved."

I've no idea who the guy is or what research he's done, but last week we read that the ICG have increased the budget by 15% which the Finance Committee are unhappy about and who said will increase the size of the deficit, so presumably they're going to have to sell a lot more oil to pay for it.

Iraq raises 2024 budget by 15%, surprising parliamentarians.

Shafaq News/ Iraq's government has raised the volume of its 2024 budget by 15%, to 228 trillion dinars ($155 billion)- to the surprise of the parliamentary finance committee, which said the decision was "unrealistic" and would worsen the deficit.

Committee member Moeen al-Kadhimi, told Shafaq News agency that the government had not explained the reasons for the raise, which came despite a lower-than-expected budget deficit in 2023.

"We, in the finance committee, were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget," the lawmaker said. "This is a large raise, while the amount spent in 2023 was 142 trillion dinars."

He said the committee members had told the government that the budget should be "realistic, not just aspirational."

The increase in the budget will also increase the deficit, he said. "The budget is still being finalized by the cabinet and is expected to be sent to parliament next month."

The 2024 budget is based on an oil price of $70 per barrel, with oil exports expected to average 4.2 million barrels per day. The budget also includes a 10% increase in salaries for public sector employees. Iraq's economy is heavily dependent on oil exports, which account for more than 90% of government revenue. The country has been struggling to rebuild its economy after years of war and conflict.

[pscrulesok] 03/4/2024 18:47

@habshan, I don’t think john has done any background research into the numbers involved.

The Iraqi’s have upped their production that they export, for the last four months it’s only 3% lower than the budget figure that included Kurdish oil.

Based on what they got per barrel in previous months, they won’t be far off getting $88 or $89 a barrel at the moment which is way higher than the $70 needed by the budget, about 25% higher.

Anyone who thinks they need Kurdish oil to run the budget and pay the salaries is mistaken, they have money to spare without it.

They did flag this up by letting us know they were putting extra money into this current budget and that last year’s shortfall ended up a lot less than expected.

[ptmorris1] 03/4/2024 18:41

Is this part of a scorched earth policy knowing that they will loose the election in November?

[nestoframpers] 03/4/2024 18:03

Biden shat himself in the Vatican.

[1waving] 03/4/2024 17:58

.
The Gateway Pundit.

BREAKING: After Draining Strategic Petroleum Reserve to Lowest Level in 40 Years, Biden CANCELS Plan to Refill it Because Oil is “Way Too Expensive”
By Cristina Laila Apr. 3, 2024 11:40 am

The Biden Regime canceled its plan to refill the Strategic Petroleum Reserve because oil is “way too expensive.”

This comes as gas prices are once again skyrocketing.

Recall that Biden drained the SPR to its lowest level in 40 years.

Biden sold the U.S. Strategic Petroleum Reserves (SPR) to Europe, India and China.

.

[hangthedj] 03/4/2024 17:01

Same as last year then???

[habshan] 03/4/2024 16:34

john@john78846295

#GKP #GENL $DNO $HKN $SNM #Kurdistan @apikur_oil

"KRG announces agreement with Baghdad regarding the salaries of the region’s employees.

400k bopd exports from Kurdistan included in 2024 budget. Baghdad needs those exports to pay for salaries".

[shareho1der] 03/4/2024 16:30

And so what?

[hugetakeaway] 03/4/2024 13:55

https://twitter.com/ChicagoJack5/status/1775492101511192827?t=f90IYhfyTD_Ae6jlf7sCng&s=19

[hugetakeaway] 03/4/2024 13:51

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

[hugetakeaway] 03/4/2024 13:50

AGREED - FILL BOOTS - if you haven't so farI 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.

[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