Wrong yet again scotty snowflake but at least you are consistent in getting naff all correct in 12+ years correct.
How do I possibly gain from you morons selling your shares. You really are thicker than 10 short planks.
Pipe open is it scotty snowflake, lol.
I come here to mock the ramping, the delusional fantasy and the so very wrong excuses which will all become apparent in the fullness of time!!
Meanwhile I make money trading it, many thanks:-) |
509 Very different tone to the interview than last year I thought 🤷🏻‍♂️ Change from endlessly explaining how politics is getting in the way, to fighting over, ahem, sorry discussing the nuts and bolts from a more confident position. |
Some progress. |
It should be very simple - unless Baghdad agrees to APIKUR's terms the US & Europe will withdraw the hundreds of millions of dollars they are paying them in aid +/- apply harsh sanctions. |
https://x.com/Bacharelhalabi/status/1897710676279238806 #Breaking??: @apikur_oil, representative of eight IOCs operating in #Iraq's Kurdistan region, in a statement following today's tripartite meeting in #Baghdad outlines the remaining disagreements preventing a restart of crude exports through #Turkiye's Ceyhan port.payment suretytransparent implementation of budget lawresolution of payment arrears |
 hxxps://www.rudaw.net/english/business/060320251
Rudaw
Oil companies say $16 fee set by Baghdad for Kurdish oil ‘temporaryR17;
1 hour ago
Rudaw
ERBIL, Kurdistan Region - Baghdad's $16 compensation rate per oil barrel for the Kurdistan Regional Government (KRG) and oil companies operating in the Region is not final and may change following the evaluation of an international consultant, who has yet to be selected, spokesperson for the oil companies said on Thursday amid ongoing efforts to resume Kurdish oil exports.
According to a recent amendment to the Iraqi budget law, the federal government is required to pay $16 per barrel to the KRG for production fees, which will then be reliably distributed to the producers.
Myles Caggins, spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR), told Rudaw on Thursday that they have submitted a list of “internationally known independent evaluators” and emphasized the importance of transparency. He added that the consultant will determine the true cost of oil production.
“We need to know the scope of work for the international consultant who will evaluate the cost of production from each oil field. This is important. As you know, in the budget law, there is $16 per barrel of oil allocated for what we call cost recovery. And that is a temporary number,” said Caggins.
“The international consultant will come and review the papers, the financial records, and the contracts from each oil company, and then they will provide a true cost, an accurate cost of production and transportation for each oil field. If we do not know the scope of work, then that consultant may be working for years and years and years, or they may use some method of calculation that is not agreed to by the companies and the MNR [KRG’s ministry of natural resources]. So therefore, it is important that we have a clear understanding of that consultant's scope of work,” he added.
Despite US pressure, Iraqi and Kurdish officials, along with international oil companies, met in Baghdad on Thursday but failed to reach any agreements. A senior American diplomat attended the meeting, a participant told Rudaw English.
“Nothing [was] achieved and there was no breakthrough,” the source told Rudaw English on the condition of anonymity but noted “slight progress.”
They added that the participants agreed to form two committees, one of which has already been established, to convene early next week to address outstanding issues. These include structuring a sustainable debt resolution framework, defining the precise mandate of the third-party consultant Caggins mentioned, and ensuring a clear and mutually agreeable payment framework, whether in monetary terms or in-kind settlements. |
Wonder what bp make of all this. They still haven't signed their contract as far as I know. |
Solarfire, the Ministry of Oil is Iranian supporters controlled, they've never had any intention of restarting exports. It's only the Trump administration that have spooked Iraq and got things moving, Biden could have blocked the energy agreement between Iraq and Iran at any point but was too spineless to do it. Ghani and co must be raging that a US representative is at the meetings reporting back, sanctions will follow if they don't sort it and they're suddenly in a corner with the IOC's calling out their games, including the ambush they planned through the 'Independent consultants'. |
Hopefully daily meetings. Eventually they will get so efficient they'll just get into a room together, stare at each other for 5 seconds, and then come out to declare no agreement has been reached. |
The good news is that they're actually talking to each other. That's progress in itself. It's really difficult to understand why discussions have taken so long to even start, (would have made sense to talk before the Iraq budget legislation) but the Donald Trump factor is probably really forcing the issue now. GLA. |
How many more committees ? :-) |
how many more meetings before september ? |
At least this one wasn't 5 hours. They're getting faster at deciding there's no agreement.Roll on September. |
Sharastrani.. living off the £1bln he made from a fake company that was supposed to supply Iraq with electricity.. |
hxxps://www.kurdistan24.net/en/story/828325/trilatera
ERBIL (Kurdistan24) – Kurdistan24 reporter Dilan Barzan has reported that discussions between the Iraqi Ministry of Oil, the Kurdistan Regional Government (KRG) Ministry of Natural Resources, and the Association of the Petroleum Industry of Kurdistan (APIKUR) are ongoing, with another round of meetings expected next week.
While the latest trilateral talks concluded without a final resolution, the continuation of negotiations signals a commitment from all sides to addressing key issues. According to Barzan, one of the main points of discussion remains the role of an international consulting company in determining oil extraction and export pricing.
The Iraqi Oil Ministry has justified its decision to export Basra oil through Turkey’s Ceyhan port, citing security threats to Basra’s oil fields and the need to balance exports between national and regional consumption. Meanwhile, oil companies in the Kurdistan Region are actively engaging in discussions, requesting either participation in contracts or compensation for extraction costs.
Despite ongoing challenges, the commitment to further dialogue and the upcoming round of negotiations indicates that progress toward a resolution remains possible. |
It started with Sharastani under Maliki so they have had 11 years . It was Maliki that changed the pipeline contract wording . I dint think the Iraqis know how useless thier leaders are . |
Not sure how Iraq ever intends to develop its oil industry if it cannot even agree a payment system payment for these legal contracts. Investment will dwindle and so will the industry. They've had 2 years to address the issues and nobody has done anything! |
Well that's slightly more encouraging. I would imagine it's a case of the Trump administration wanting to see everybody's homework. |
@john78846295
The New Region
@thenewregion
#BREAKING: Representatives of the Iraqi federal government, the KRG, and the international oil companies are currently "discussing the meeting results and will have a statement later", APIKUR spokesperson Myles B. Caggins III tells The New Region
"We expect there will be additional meetings to resolve issues," he added |
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