Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 13/4/2024 04:50

john @john78846295

"The United States will intervene to protect the federal system in #Iraq and will not allow it to fail... we expect the United States to insist and put pressure on this issue".

[bigdog5] 13/4/2024 00:42

Hey scotty snowflake, while you're searching for the info on your Export Pumping and Metering Station perhaps you can dig out your proof about the demise of OM63. They're both probably in a folder marked "BS to try and make me sound like I know stuff even though I still haven't got anything correct in over 10 years".

So you morons reckon the Yanks are going to order Baghdad to open the pipe? LOL. But the pipe is owned by the Russians and wouldn't that annoy the Yanks as the Ruskies get a fee from it being used!!

So, 350k (or thereabouts) quality oil coming up from the Kirkuk area leaves them 100k-150k short for the 500k a day max, but that won't be achieved for some time. Then there's some real quality oil that the Kurds can add, you know the API 38 stuff. So we wait and we wonder how much of the very heavy API 12-18 sludge will reach the mix:-)

Have you noticed that there are a few posters on the "uva" bb that have had enough, view this as too risky now and are getting out!!! Some say its no more than a traders share now. Its been a traders share for 10 years or more!! I wonder what your "best brains on the planet" are thinking. Wish they had dumped at £3 years ago?

[confused _gerbill] 12/4/2024 21:36

hxxps://www.rudaw.net/english/business/12042024

[confused _gerbill] 12/4/2024 21:36

ERBIL, Kurdistan Region - Next week’s meeting between United States President Joe Biden and Iraqi Prime Minister Mohammed Shia’ al-Sudani is a “key opportunity” for talks about resuming Kurdistan Region’s oil exports, an association of oil producers said on Friday.

The April 15 meeting in the White House will be “an opportunity to reach agreement on oil production and exports through the Iraq-Türkiye pipeline, thus removing a key barrier to foreign direct investment in Iraq,” the Association of the Petroleum Industry of Kurdistan (APIKUR) said in a statement, adding that it is “optimistic that the high-level meeting between Al-Sudani and Biden will create urgency among all stakeholders to swiftly resolve issues and restore full production and exports from Iraq’s Kurdistan Region.”

Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been halted since March 2023 after a Paris-based arbitration court ruled in Baghdad’s favor that Ankara had breached a 1973 pipeline agreement by allowing Erbil to begin independent exports in 2014.

Despite several talks between Kurdish, Iraqi, and Turkish officials, the exports have yet to resume and many international oil companies have suspended production.

APIKUR also revealed that the US imported more than half a million barrels of oil from Iraq in March and “none of this oil was produced in Kurdistan region, despite the U.S. Government having directly invested $300 million for KRI’s oil and gas sector development.”

[furenstaurus] 12/4/2024 20:43

#gkp #gkptakeover #gkpsaleRNS Expecting deal to be voted through at AGM in June.Notice for that is 3 weeks minm so RNS to market in May.Could be also done via SGM which can be called sooner.Either event 5/6 weeks max to announcement, possibly a lot sooner.https://x.com/111notout1/status/1778690825435631960?s=61&t=EEAJRmerpfLiAmForyb8Dw

[furenstaurus] 12/4/2024 20:43

Has it crossed anyones mind that SINOPEC etc most likely buyer could build dedicated pipelines to facilitate the transport of the oil and gas from Shaikan?.GKP is SOLD BTW

[broadford bay] 12/4/2024 19:33

h7,

still waiting for your answer as to where the new Export Pumping- and Metering Station will be built - you know, the one you say will bypass the KRG bottleneck at Faysh Khabur?

I know what my contacts are telling me, what do your contacts say?

Come on now, don'be shy...

[bigdog5] 12/4/2024 19:26

I note that there are 25 of you that are desperate and in complete denial of what is happening, lol.

I warned you gullible suckers ages ago that Baghdad were "serious this time".

BB has pointed out on several occasions what was likely to happen and that they wanted to reinstate a quality oil blend!!

However you morons just banged on about Erbil will never concede. That the PSC's were legal and couldn't be altered. That Epicure will force Baghdad to offer better terms. That Baghdad were really concerned about the situation and that it was Epicure that held all the cards, lol.

[worldquant] 12/4/2024 16:29

Has it crossed anyones mind that SINOPEC etc most likely buyer could build dedicated pipelines to facilitate the transport of the oil and gas from Shaikan?.GKP is SOLD BTW

[nestoframpers] 12/4/2024 16:29

The Mosul PL isn't open yet and it might not ,the reports I remember were that it was too far gone to repair. I think it's from 1976.

[highlander7] 12/4/2024 15:53

It now depends on The USA . Either that or the Kurds make a move with support from Turkey.

Even better if a large US INOC is interested.

In any case I dont believe they will get away with this . Even if they do try it. Im also not sure if Shaikan is hooked up to this old pipeline. Might take a while if it isnt.

IMO

[shortsqueezer] 12/4/2024 14:56

A very succinct appraisal Habshan. Thankyou.

[pittcock] 12/4/2024 14:46

They are going to circumnavigate the Kurds? RightoHow long do you think the pipeline would remain undamaged?

[habshan] 12/4/2024 14:44

“Baghdad is repairing the Kirkuk-Ceyhan pipeline, which has not been operable for ten years and hopes to use it to export some 350,000 bpd to Turkey..."

Yes Sarah, they "HOPE" to use it, which means the author doesn't know.

That article is just an Oilprice opinion piece recycling old news, it doesn't even name the author and I can't even see that it quotes an official source. It was written by someone in their editorial department to generate copy.

I also notice that there's no mention of what Turkey have to say about it.

Or what the Kurds, whose territory it runs through have to say about it.

Or what the Russians who own 60% of the Kurdish pipeline have to say about it.

Or what the Americans have to say about it.

Or what APIKUR who are holding the threat of arbitration over the ICG's head have to say about it.

If APIKUR went to arbitration the issue of the constitution would be forensically examined, and it's already been ruled that the PSC's were legally signed on behalf of the Iraqi state, which means the ICG can be held liable for them.

The people who sit on those tribunals have already stated that under the constitution ALL provinces in Iraq have the right to manage their own oil & gas resources.

The people who sit on those tribunals have stated that the so called Supreme Court itself is constitutionally illegal, so EVERY ruling that it's made since it's inception some 20 years ago will be void under international law.

And it's also the case that Iraq have signed up to the United Nations Treaty Regime for the Protection of International Investors.

The ICG have a lot to think about there Sarah before they open that pipeline, they need to avoid arbitration at ANY cost.

And as you yourself said "I keep telling you whatever gets announced out there cannot be trusted. Something you idiots have never learnt."

And the fact that the ITP has been closed for a year because of their refusal to honour the PSCs means that they're already in contravention of both international law and the conventions that they've signed up to.

Games are being played so just be patient and let's see what happens.

Don't jump the gun.

[theythinkitsallover] 12/4/2024 14:40

Well you were told by Apikur only a few weeks ago that they hadn’t even seen any proposals from Iraq or the KRG regarding restarting the pipeline… that’s after 1 whole year.

Doubt nothing has changed in the last few weeks