Chinese Consul General in Erbil Liu Jun Pays a Courtesy call to H.E. Masrour Barzani, Prime Minister of the Kurdistan Regional Government
Updated: MARCH 10, 2025 00:46
（From Chinese Consulate General in Erbil）
On March 9th 2025, Consul General Mr. Liu Jun paid a courtesycall to H.E. Masrour Barzani, Prime Minister of the Kurdistan Regional Government. They conducted a comprehensive review of the fruitful achievements made in cooperation and exchangesbetween two sides over the past year, particularly commending the substantial progress in economic collaboration, trade facilitation, investment partnerships, and cultural exchanges that have significantly strengthened people-to-people connectivity.
Looking ahead, both sides reaffirmed their commitment to deepening the comprehensivecooperation in various fields and exchanged views on a shared vision for future collaboration.
The latest development of the regional situation was also discussed during the meeting. |
 https://shafaq.com/en/Economy/BP-pumps-25B-into-Iraq-s-Kirkuk Shafaq News/ British energy giant BP will invest about $25 billion to redevelop four oil and gas fields in Iraq's Kirkuk under a long-term contract to boost production and support local energy infrastructure, an Iraqi oil expert revealed on Monday."The agreement with Iraq's Ministry of Oil is expected to help revive output at the North Oil Company, which has struggled since the 2014 ISIS insurgency and subsequent stagnation," oil expert Ali Khalil told Shafaq News, adding that the contract will also contribute to the development of the North Gas Company and the construction of solar-powered power stations.Khalil said BP's investment is intended to increase crude oil production from the Kirkuk fields by about 150,000 barrels per day (bpd), targeting a total capacity of at least 450,000 bpd within two to three years.According to the expert, Kirkuk's oil output has seen sharp declines over the years. Between 2005 and 2010, production ranged from 600,000 to 725,000 bpd, with around 500,000 bpd exported to Turkiye's Ceyhan port. By 2014, production had fallen to 400,000-500,000 bpd, dropping further to 250,000-325,000 bpd in the following years due to reduced well productivity."BP's deal, structured as a profit-sharing agreement lasting over 25 years, will allow the company to recover costs and start generating profits once production surpasses current levels," Khalid noted, emphasizing that the partnership will also focus on rehabilitating production facilities and expanding natural gas development to support Iraq's domestic energy needs.The contract, set to take effect in the coming days, includes the redevelopment of the Baba and Avana domes, Bai Hassan, Jambur, and Khabbaz oil fields. It also covers improvements to the North Gas Company's infrastructure, Iraq's largest state-owned gas firm, which supplies power plants with fuel.BP, which was part of the consortium that discovered oil in Kirkuk in the 1920s, previously signed a letter of intent in 2013 to study the Kirkuk fields' development, but the plan was suspended in 2014 after ISIS took control of parts of northern and western Iraq.Earlier, Iraq's Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul-Ghani called the deal a "major achievement" for both Iraq's oil sector and BP after years of stagnation. |
I saw this on X https://x.com/JayWisdom12/status/1899212702691610936 |
The Iraq Turkey pipeline deal expires in September. Once it's expired the Kurds can deal directly with Ankara. They won't need Baghdad |
If the Deputy Finance Minister has given up on Baghdad perhaps Kurdistan should too. |
Let,s hope so |
Every 10m bucks declared in dividends = 3.5 p per share......#GKP #gkptakeover Will @Gulf_Keystone FY week ThursdayDeclare 10.5p /14 p or if $150m arrears land 60p dividend?Will they explain "imaginary" buyback program??And extend it ?Will they come clean , rgds sale process they have been in for 18 months +Soon find out. |
Started with 6 point spread lolNow 3 point. |
What makes you think September will be better ? |
Might as well wait till September if this means more certainty of payment |
Not suprised
Billions lost, power gone: Iraq's energy crisis explodes
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Billions lost, power gone: Iraq's energy crisis explodes
2025-03-09 09:30
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Shafaq News/ Iraq, one of the world's largest oil producers, has long relied on petroleum for its economy and energy sector. However, this dependence has left the country vulnerable to economic volatility and energy insecurity, particularly due to its reliance on imports to meet domestic electricity demand.
Power Play: Iraq’s Energy Reality
Despite vast oil reserves, Iraq struggles to generate enough electricity due to inefficiencies in energy production and transmission. Oil remains Iraq’s primary energy source, accounting for most of its exports and domestic consumption, with the country producing about 4.5 million barrels per day in 2023, positioning it as one of OPEC’s top producers.
Natural gas serves as a secondary energy source for electricity generation, but Iraq wastes a significant portion due to inadequate infrastructure. In 2022, Iraq flared over 630 billion cubic feet of gas, making it the world’s second-largest gas-flaring country, contributing to both resource waste and environmental pollution.
This inefficiency has led to Iraq's heavy reliance on energy imports, particularly from Iran, making the country vulnerable to geopolitical tensions and international sanctions. In addition, Iraq has pursued limited energy imports from Jordan, providing approximately 150 megawatts of electricity, while Qatar has been identified as a potential supplier of liquefied natural gas (LNG), though the necessary import infrastructure is still under development. |
The sad old fart Watkins is out with another piece - 'Russia to resume operations in Iraqi Kurdistan'. |
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Kurdistan Region Prime Minister Masrour Barzani reaffirmed Kurdish claims over disputed territories in a visit to Peshmerga forces and Kurdish farmers in Kirkuk on Monday, calling the areas "occupied" rather than disputed. |
So true John . As The Don would say ' Its going to be so so beautiful ' . |
One part of me wants it and the other part wants the Final Divi before lift off. If it lifts before or we don't see another divi so be it: ) |
The market is feeling the tension here. An announcement could literally come any time now and no one wants to be out when it hits. |
If Sudani genuinely making that decision it should hopefully be swift if those conversations with the US (threat of sanctions) are real. He's been (at least publicly) driving this for months. It's SOMO that have been the bottleneck. Will give him the publicity if authority too. |
Well BP will be needing that pipe. Plus Trump is growing impatient.Tick Tock. |
https://x.com/john78846295/status/1899108986659496355 Two main obstacles remain within current discussions: 1) Repayment of IOC's debt, 2) KRG has requested $16 to be paid for 115,000 bopd for domestic consumption.PM Sudani to make a decision. |
The market was hot when 1st oil happened , its risk on now hence no mad rush for shares by retail. Those LTHs left are accustomed to thier fate , one day soon the dungeon doors will get blown off. |
Thursday 20 March next week minimum 11p per share dividend Perhaps 14p/17.5p.If the $150m comes in , that's 53p special div equivalent..HOWEVERExpect news on M+A |
#gkp #gkptakeover ?Requested??#XOM #CVX ETC want Kurdistan reserves?.by buying the indies sat on themAlways have.ICG in Baghdad have resisted for decades.Trump is forcing them to accept this.https://x.com/111notout1/status/1898982279000506786?s=61&t=EEAJRmerpfLiAmForyb8Dw |
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