Gulf Keystone Petroleum Share Discussion Threads

[beernut1] 10/4/2024 08:09

Forex live
Says pipeline for export from northern fields but no more info

Marginal pressure in oil on reports that Iraq made progress with export pipeline to Turkey
Pipeline to be operational by the end of April
Arno V Venter
Arno V Venter
08/04/2024 | 09:27 GMT+1
0
Iraq completed the first stage of the repairs of the oil export pipeline to Turkey
Should be operational by the end of April
ready to export 350k bpd from the northern oilfields
Only marginal reaction in oil on the back of the news.

[shortsqueezer] 10/4/2024 08:03

Lots of small sells around the bell. Trying to get the price down? Looks to have worked at Genl. For now.

[luckyclicker] 10/4/2024 06:28

Iraq ranked as the fourth-best country for foreign direct investmenthttps://www.iraqinews.com/iraq/iraq-ranked-as-the-fourth-best-country-for-foreign-direct-investment/#google_vignette

[luckyclicker] 10/4/2024 06:26

https://www.newarab.com/analysis/what-erdogans-landmark-iraq-visit-could-mean-region

[luckyclicker] 10/4/2024 06:25

What Erdogan's landmark Iraq visit could mean for the regionAnother question on the table is the Kirkuk-Ceyhan oil pipeline, Iraq's largest and vital for exports from the Kurdistan region, which has been shut since March last year following an international arbitration court ruling. Its closure is estimated to have cost Iraq, and particularly Iraqi Kurdistan, between $11 and $12 billion."The oil question is more important for the Kurdistan Regional Government (KRG)," Salih explains. "Iraq is already exporting large amounts of oil at very high prices thanks to the war in Ukraine and the conflict in Gaza.""The memorandum of understanding after president Erdogan's visit to Baghdad will probably say that Baghdad and Ankara are now looking eye to eye and there will be some future cooperation on various fronts," says Selcen, the former diplomat."What that will mean is that it will allow Ankara to have a sort of a legal basis for its ongoing operations."

[highlander7] 10/4/2024 04:44

Its the last day of Ramadan. I would expect some sort of action soon.

[no_luck] 10/4/2024 00:20

With no oil and gas law active, they do what they like.

[justiceforthemany] 09/4/2024 23:18

Encouraging indeed.
Monday is D-Day.

[pittcock] 09/4/2024 23:10

You're certainly living up to your name.

[beernut1] 09/4/2024 22:59

From Lse

Sudani taking his KRG buddies to visit BidenToday 20:04
Sudani taking representatives of KRG with him to meet sleepy Joe. Bodes well methinks.

hxxps://www.rudaw.net/sorani/world/090420244

Rudaw - Washington

Iraqi Prime Minister Mohammed Shia Sudani and a high-level delegation, including representatives of the Kurdistan Region, will be in Washington next week to discuss various issues with US officials.

One of the most important meetings will be at the State Department, which will be the meeting of the Iraqi High Coordination Committee. A State Department spokesman told Rudaw that the meetings will begin next Monday.

"The US-Iraq High Coordination Committee will meet next week on Monday to focus on the priorities and broader relationship between the two countries, including energy independence, economic reform services for the Iraqi people and strengthening democracy," Miller said and there will be the rule of law as well as educational and cultural ties."

The Kurdistan Regional Government (KRG) delegation will participate in the meetings and the United States intends to resolve the issues between Erbil and Baghdad and the Kurdistan Region, "a resilient and strong region.

"Representatives of the Iraqi Kurdistan Regional Government will participate in these talks. The United States supports a resilient and strong Kurdistan Region within a strong, federal and stable Iraq, and we encourage the Iraqi and Kurdistan Regional Governments to make their efforts," State Department spokesman Matthew Miller told Rudaw "They should do so to solve their problems and provide economic prosperity for all Iraqis.

Iraqi Prime Minister Mohammed Shia al-Sudani and US President Joe Biden are scheduled to meet at the White House this afternoon. This meeting will show how successful this visit was.

The meeting also discussed security and energy relations; They will also discuss the remaining US troops in Iraq, the strengthening of armed groups in Iraq and the problems between Erbil and Baghdad.

د. "The meeting will also discuss relations between the Kurdistan Regional Government and the Iraqi federal government, which have had many obstacles and the United States has encouraged them to resolve them. I think the prime minister did a good job to reach a bilateral agreement," he said At least time to resolve issues, until all issues are fully resolved and we hope these relations will continue to be strong.”

The Iraqi prime minister is scheduled to meet with the media and research centers to discuss Iraq-US relations and the situation in the region.

[hangthedj] 09/4/2024 22:28

No luck - that's an interesting point of view and it has also crossed my mind.
I also wonder if GKP are receiving 36% and MOL 10% where's the other 54% revenue from local sales going??

Are the local refineries perhaps only paying $25 less 46% = $13.50 per barrel with MASSIVE profit on refined product sales at the other end?

[furenstaurus] 09/4/2024 20:21

Early May for the sale RNS I reckon possibly a bit soonerIiiiiiiiiiSale RNS timing..https://x.com/111notout1/status/1777577966597263714?s=61&t=EEAJRmerpfLiAmForyb8Dw

[furenstaurus] 09/4/2024 20:21

#gkp #gkptakeover anyone who follows @Gulf_Keystone farce knows, ?? never shy of shoving snouts in trough.2024 haven't because further LTIP options vest immediately on T/OSale will have been agreed on 2023 FY audit with only options o/s to that date counted Fill yer ??https://twitter.com/GoodnightCharl1/status/1777619709313056989?t=yWlralF4MtSKQzP_5ixHJQ&s=19

[no_luck] 09/4/2024 19:59

Iraq does not need Kurdish oil because of OPEC quota, and the higher production prices. And refineries that work in kurdistan and are owned by kurdish politicians, are getting the best prices as ling as the pipe is shut.

[no_luck] 09/4/2024 19:55

Do you guys know that as long as iraq pays civil servants without any conditions, the dispute on oil matter will never end.

[0ili0] 09/4/2024 19:39

Bermuda rule book been well thumbed by now 📖✍A039;👍

[hangthedj] 09/4/2024 18:38

I know not everybody will agree but I don't think breach of contract and contractual obligations feature very highly in these parts of the world. It's almost never ending the breaches and who has been fined and who owes who for what and how much.

Are KRG in breach of contract for not paying us $151m for oil produced and sold or is it ICG?? it's just never ending claims and counter claims.

[habshan] 09/4/2024 17:59

Under the 2010 amendment to the Crude Oil Pipeline Agreement the Iraqi Side are contracted to deliver a Minimum Guaranteed Throughput to the Turkish side via the ITP of "35 million metric tons a year as calculated in the Bill of Lading".

Which is 730kbpd.

Up until the pipeline closed SOMO were delivering 75kbpd and that came from Kirkuk, a field that is in terminal decline.

17/02/24 - "The Kirkuk conventional oil field has recovered 98.83% of its total recoverable reserves, with peak production in 1974. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029. The field currently accounts for approximately 2% of the country’s daily output."

They now say they can deliver 350kbpd, so that means they have found another 275kbpd from somewhere although I'm not aware that they've said where they've found it from.

Anyway, 350kbpd still leaves them 380kbpd short of the Minimum Guaranteed Throughput that they are contractually obliged to deliver.

And if they don't deliver it they'll be in breach of contract again.

Before the pipeline shutdown Kurdistan was producing 375kbpd.

Back at pre shutdown production levels Kurdish oil will enable the Federal Government to meet it's contractual obligations under the ITP agreement.

If the pipeline were to be reopened with only 350kbpd being delivered then Iraq would immediately be in breach of contract again.

I find it hard to imagine that the MoO will want to restart exports without being able to meet their contractual obligations.

[shortsqueezer] 09/4/2024 17:45

I think we will see that there is more to it than that. We don't see a fraction of what games are really being played

[justiceforthemany] 09/4/2024 17:43

If Baghdad intend to by pass the Kurds the US and Biden must cut off all payments to GoI and stop purchasing their oil. Simple as that. Ultimatum.

[habshan] 09/4/2024 17:17

"The Kurd production levels have been falling for years but she believes they can treble their numbers instantly."

And yet again you get the whole thing wrapped round your neck Sarah.

The onus is not on Kurdistan to fill the pipe or provide the minimum quantities specified in the ITP agreement.

The onus to do that is on SOMO.

The onus is on SOMO to find the oil and we are told that so far they can only come up with 350kbpd to go through a pipe with a capacity of 4-5 times that amount.

You just haven't a clue have you.

[bigdog5] 09/4/2024 16:41

In her world she does BB. She's a narcissist and needs the tick ups to make her feel important!! As if we needed more liars when Carroll, Hills nestofBS and johnyladyboy pump out so many filled to spill!!

The Kurd production levels have been falling for years but she believes they can treble their numbers instantly.