Gulf Keystone Petroleum Share Discussion Threads

[shortsqueezer] 01/5/2024 05:57

Hope mmt1 is still in. I've not seen him post recently?

[shortsqueezer] 01/5/2024 05:55

Indeed. It would be interesting to know how many shares they have accumulated during that time. Not enough to gain a majority and take us over for peanuts it would seem.

[highlander7] 01/5/2024 05:52

They have been trying to screw the Kurds ever since Shaikan (the country maker) was discovered.

Maybe they have finally realised that cutting their own nose off isnt really the answer if they want serious USA investment as opposed to being taken over by the Chinese or sanctions if they deal with Russia.

IMO

[luckyclicker] 01/5/2024 05:47

Fingers crossed mate

[shortsqueezer] 01/5/2024 05:30

Sounds like an agreement has been reached. They've had a meeting and now waiting to resume pumping. Sounds confident. Presumably Baghdad will announce it first.

[luckyclicker] 01/5/2024 04:56

 the Kurdistan Region of Iraq (KRG) has caused serious damage to the Iraqi economy, and a Sudanese adviser says that oil exports through the port of Jayhan will resume soon.Why it is important : The resumption of oil exports from the Kurdistan Region will have a positive impact on the economic recovery of the Kurdistan Region, because oil is its main source of income, and will also affect the economic recovery of Iraq."A coalition has been formed between Erbil and Baghdad to resolve issues related to oil exports. Both sides are close to an agreement and will resume soon," Sabhan Mullah Jiyad, a Sudanese advisor, told Ava News .Meanwhile , Miles Cagins, spokesman for Epicur, told Ava News: "A meeting has been held on the issue, we are waiting for the next meeting to determine when to resume oil exports.https://twitter.com/john78846295/status/1785407339102675412?t=2p1r19wJfcJC_vOMXmqxqw&s=19

[luckyclicker] 01/5/2024 04:55

A coalition has been formed between Erbil and Baghdad to resolve issues related to oil exports. Both sides are close to an agreement and will resume soon," Sabhan Mullah Jiyad, a Sudanese advisor, told Ava News .

[luckyclicker] 01/5/2024 04:54

Meanwhile , Miles Cagins, spokesman for Epicur, told Ava News: "A meeting has been held on the issue, we are waiting for the next meeting to determine when to resume oil exports.

[milliecusto] 30/4/2024 23:35

https://x.com/john78846295/status/1785407339102675412

[punter26] 30/4/2024 21:34

Researcher: Not exporting Kurdistan oil is political, and companies do not disclose their contracts to Baghdad.

(Rudaw/Sorani interview with Dr.Raad Qaderi - 1 hr ago)


"[An energy and oil researcher at the US Center for Strategic and International Studies says the issue of oil exports from the Kurdistan Region is a political rather than a technical issue and oil companies are reluctant to disclose the contents of their contracts with the Iraqi government.]

Raad Qaderi, the researcher, spoke to Rudaw about the oil and gas issue, the export of oil from the Kurdistan Region and the essence of the disputes between Erbil and Baghdad over oil and energy.

It also discusses the legal, domestic and international obstacles to resolving the energy issue between the Kurdistan Region and the Iraqi Federal Government.


Text of the interview:
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Rudaw: Do you think the Kurdistan Region's oil will be exported again? Iraq has at least said in its statement that it is serious about resuming the process.
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Raad Qaderi: I think you have to go back more than a year. This is first of all a political issue, not a technical issue, and it has been going on since It is about the relationship between the Kurdistan Regional Government and Baghdad and the nature of federalism. This is the latest manifestation of the problem. This is the last stage. I think the balance of power has changed with the Kurdistan Region's non-export of oil. It is a financial pressure on the Kurdistan Regional Government It made the KRG more independent of sending money to Baghdad. Baghdad will use this as a force. I think oil will eventually return to the market. If the Baghdad government and the Kurdistan Regional Government can reach an agreement, it will be at least temporary.

Rudaw: Is everything said about technical problems and negotiations on the price difference of a few dollars meaningless or not the content of the problem?
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Raad Qaderi: I think the technical problems are a cover and the price problem is serious, because the price problem is due to political issues. The Kurdistan Regional Government has signed contracts independently from Baghdad and claims to have the legal right to do so Baghdad has always challenged legality. The Federal Supreme Court has always challenged the legality of these contracts, so I think that's a consequence of politics.

For Baghdad, this is a way to tame or at least enter into these contracts that have not been allowed yet and want to know what conditions the Kurdistan Regional Government has set and want to have a say in those conditions Baghdad is also looking at other areas, especially the productive southern provinces. Technical issues are rarely understood even by politicians, and they do not go into details. What they see are rough numbers. As a result, there are other provinces that want to get money, which creates political pressure, especially aware of the pressure in Basra to get less money to go there and benefit themselves directly. So if the KRG gets more value, Basra may demand it, it has nothing to do with the cost of production and the technical challenges of the contracts and so on Sudan is in a difficult situation.

Rudaw: The Kurdistan Regional Government (KRG) in Iraq is an example for other provinces. There are other regions in Iraq that believe they can benefit more from oil revenues, for example Centrality in Iraq
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Raad Qaderi: It is obvious that the independent oil policy of the Kurdistan Region is challenging and has the ability to control the oil of the federal government, which believes that oil should be managed federally. The oil-producing provinces in southern Iraq have looked to the Kurdistan Regional Government (KRG), believing they have been treated unfairly, at least biasedly from Baghdad That is a problem I repeat, it is a lack of understanding of the price the Kurdistan Regional Government has demanded to be compensated. At the moment you have a transparency problem, and Baghdad demands that their contracts be shown, and companies are very reluctant to show their contracts. The KRG is also very reluctant to show their contracts. Baghdad wants to know what it is paying for, and that is not an unreasonable decision by the government, but it also unveils something that has remained hidden for years: what does the Kurdish contract say and promise?

Rudaw: So this will take more time?
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Raad Qaderi: I repeat, the issue is related to political decisions. Prime Minister Masrour Barzani can make a decision to open the contracts and negotiate more clearly, and companies can be put in a position to present the contracts to his governments. They have been signed with the Kurdistan Regional Government, so someone in the Kurdistan Regional Government knows what they are talking about. The Kurdistan Regional Government is part of a broader Iraq and in terms of reorganizing its relations with Baghdad, it will again become an issue of sovereignty, an issue of high policy, so it can be resolved quickly. I think the cost problem can also be decided differently. It gives Baghdad a tool to send its message. Of course, the Baghdad parliament understands the Kurdish demands, so if you have a political decision, I think this can be resolved very quickly. In the absence of such a political decision, this will continue. The truth is that at the moment there is no incentive for Baghdad except good intentions, there is no incentive to resolve this according to the conditions of the Kurdistan Regional Government. The part of Iraq that suffers the most is the Kurdistan Regional Government. The part of Iraq that suffers the most from the lack of economic solutions is the Kurdistan Regional Government. Baghdad cannot bear the burden of the Kurdistan Regional Government because this conflict has not been resolved If the agreement is organized and continuous, then they must first implement it. Baghdad can say, “This is the problem of the Kurds and the Kurdistan Regional Government. " If Baghdad does not see Kurdistan, Kurdistan will pay the price.

Rudaw: You mentioned that there is no incentive from Baghdad. Last year we had an interview with the Iraqi oil minister in Baghdad. “The decision of the Paris court was made at a very
sensitive time "We are very happy that we can meet the limit in OPEC Plus. Will that be another motivation for Iraq?

Raad Qaderi: What is happening in this problem is that there are people in Baghdad involved in this issue. It is not limited to the Kurdistan Regional Government.

Rudaw: What about the KRG's taxes?
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Raad Qaderi: The tax is exactly what you have, especially under OPEC restrictions. What you have is a limited amount of exports and a limited amount of revenue that must be shared Then the remaining part of the cake, Iraq's share of OPEC, will be distributed wider again. So I repeat, I think there will be this problem and Baghdad wants to make sure that you don't suddenly export 400,000-500,000 barrels a day If the revenue from these exports simply goes to the Kurdistan Regional Government and the Kurdistan Regional Government says: Baghdad can deal with the rest and is responsible for the rest of Iraq, then things will return to this problem It is political whether this is a partnership relationship or a conflict relationship. Now the conflict is between Baghdad and the Kurdistan Regional Government. What you need is a political agreement that will lead you to partnership. It does not solve all the financial problems of the Kurdistan Regional Government. They will not disappear overnight. Baghdad will be very reluctant to take on all the debt of the Kurdistan Regional Government if they do not know what they are paying for and what these contracts say and on what conditions they have agreed.

Rudaw: The oil companies operating in the Kurdistan Region have approached the US Congress and we occasionally see letters from members of Congress to the president.
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Raad Qaderi: I think that will have an impact on other kinds of pressure, but from the Biden administration's perspective, when they listen to these companies and listen to the sympathy complaints of Congress, they fully understand that this is an internal problem While they knew that Baghdad would struggle with them, they made a pull that did not change the political situation that existed from 2011 to 2013 and beyond in the long run. In fact, the self-government and semi-independence of the Kurdistan Regional Government was expanding, but it did not change. Now they are paying the price. Now these companies don't care about politics and the dynamics between Baghdad and Erbil. They basically don't care about the future of political stability and dynamics in Iraq In the Washington administration's view, politics and stability are more important, so I think what you get is that these companies are making more noise. They are still relatively small companies There is the Kurdistan Regional Government and the Kurds, but that is always in Washington. They are playing in the equation now, but basically these companies are basically saying stop politics now and in the future and just pay us We just want Baghdad and Erbil to guarantee our future payments.” The relationship has always been broken. The value of having companies here to develop Kurdistan's oil that provides a break and a replacement that is independent of Baghdad is that they are now paying the price What they have done is, the oil and gas sector is all about taking risks. They have got very good conditions to compensate for that pressure. Now that that pressure is coming, they are trying to forget the fact that they made this decision Baghdad and the federal government are against them. Now they have to deal with the reality that if they talk about contractual respect and different legal frameworks around the world, it is irrelevant. This is a problem of Baghdad and Erbil Oil and Gas.

Rudaw: But as we know, for example, if there is any dispute, it will be discussed or resolved in the London courts. Do you think the scenario will happen that these companies go to London
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and complain to the Iraqi government? Do you think something like that will happen?

Raad Qaderi: I repeat, they have signed a contract with the Kurdistan Regional Government, so it is a little dishonest to complain about the Iraqi government. I mean, these companies want to fish and not get wet The Kurdistan Region can basically export oil independently and reduce its relations with Baghdad over time. It was a political gamble that they made. That has not happened Baghdad has never had an eye on these deals, so it would be strange to be brought in as a party to them now. I repeat, these companies are now complaining to Baghdad about non-payment of money. They may find a lawyer and a law firm to support the case. If the court rules against Baghdad, how will they implement it? ? They have no source of income in the rest of Iraq? These companies have very small sources of revenue that are mainly dependent on the Kurdistan Regional Government. They are hostages of politics and they are constantly coming back to this issue.

Rudaw: What scenario do you expect?
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Raad Qaderi: I basically believe in money. This case is the economic situation of the Kurdistan Regional Government. The Kurdistan Regional Government's economy is under pressure. But he is not in a hurry to do the same thing in 2013 and beyond. He has a different political dynamic, or at least looks at the region through political dynamics Does he see anything else? If so, then you can reach a solution that may mean the KRG gets some of what it wants, not all of what it wants. These issues of claiming expenses and compensation are generally reviewed within the Iraqi context. What is the expense actually for? A large part of the cost goes to Rosneft and the pipeline in Turkey. One of the things that was not understood in Washington until recently was that the solution includes transportation costs The fact that Rosneft charges $6 to $8 a barrel to transport oil is something that may be a little more annoying for the US Congress, and maybe a little more annoying for the Washington administration to deal with given the Ukraine crisis and tensions With Russia, it may have been the same before, so this is a problem of transparency. More transparency makes contracts more transparent. Then I think that number becomes something like a bigger possibility that you enter the world of political transactions political which will be an important sign.

Rudaw: There were discussions between the Kurdistan Regional Government and the Iraqi government on the use of natural gas produced in Iraqi Kurdistan.
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Raad Qaderi: It has been discussed for years. I remember when Ashti Hawrami was the minister of natural resources, there was a discussion about the natural gas produced in the Kurdistan Region and bought by Baghdad It was stronger and demanded higher prices for gas than Iraq paid for Iranian gas. I repeat, it is possible to regulate by ignoring what the Federal Supreme Court has said and decided on this. This is a political issue and Iraqi law has always been open to interpretation and the Federal Supreme Court can speak on this issue, so if this political will can be implemented, I think at this moment from Baghdad's point of view Oil has always been very important in Iraq. Oil has been more important than gas, so they are reluctant to do anything that will destroy the balance and power that the Federal Supreme Court has somehow created because Baghdad feels does is now in a stronger position, certainly procedure can be found and can be agreed upon that does not have to fall entirely into the public eye. This is about need. Baghdad needs gas, the rest of Iraq needs gas, the Kurdistan Region has surplus gas, now Baghdad buys Iranian gas at high prices, so if there is an alternative, it will be more reasonable There have been more profits in Kurdistan and the federal government is acting comprehensively. I mean, politics has intervened, but if you look at the development of the sector, if you look at what you can achieve, if you look at the innovations From the oil and gas sector, then there have always been much bigger gains, and the infrastructure is just as comprehensively agreed. Gas is a miniature of a missing political will to get involved.

[0ili0] 30/4/2024 20:07

Are you sure that's not bigdog5 gurgling on summat 🤔

🛢️
29312;💭

[pittcock] 30/4/2024 18:50

I can hear the pipe gluggingGurgleGurgle

[steephill cove] 30/4/2024 18:43

GKP Express 🚂💨

Somethings bubbling 🫧

[bozzy_s] 30/4/2024 18:29

Hope so. It feels like we've had about 400 days of 'pipeline to reopen shortly' - one day it'll actually happen. I'll believe it after it happens rather than before!

[johnbuysghost] 30/4/2024 17:12

Takeover is close for GKP.

An easy 100 bagger here.

[nestoframpers] 30/4/2024 16:45

Wake me up when it's £10 .

[shortsqueezer] 30/4/2024 16:42

Nothing wow about it. It's just the UT. And like everything else here can be manipulated to create an impression. Try again

[shareho1der] 30/4/2024 16:39

154753 sold at 117.90. WoW !!!

[shortsqueezer] 30/4/2024 16:34

Exceptionally strong finish. Most unusual

[pittcock] 30/4/2024 16:31

Whats doggie's ABP?

[pittcock] 30/4/2024 16:30

Where's Oilio when you need him?

[shortsqueezer] 30/4/2024 16:05

Maybe the last chance they have to do it today ?

[justiceforthemany] 30/4/2024 16:02

Board getting hundreds of thousands of shares.
Clearly see value then.

[justiceforthemany] 30/4/2024 16:02

Anyone seen the Genel RNS?

[shortsqueezer] 30/4/2024 15:58

I am not one to watch videos but I did succumb and was very impressed. I can see why there has been a sudden spike this afternoon.