Gulf Keystone Petroleum Share Discussion Threads

[scrwal] 28/5/2024 21:04

Looks like good news but there is likely to be a lot of brinkmanship now - one party now wants to resolve things quickly but the others may well say not so fast sunshine here are some tweaks if you are that desperate.
Not sure if we see a large price jump as it is still all talk and no solid agreements but there should be upward movement.

[worldquant] 28/5/2024 20:54

https://x.com/ipcastelblanque/status/1795543440270262507?s=61&t=EEAJRmerpfLiAmForyb8Dw

[justiceforthemany] 28/5/2024 20:49

Like the boy who cried wolf there's only so long the Iraqis can keep lying and blocking....

[worldquant] 28/5/2024 20:35

IWNWTBOOTT

[habshan] 28/5/2024 20:25

Well done all our newshounds for keeping the rest of us informed, outstanding teamwork, this board at it's best.

[justiceforthemany] 28/5/2024 20:20

Apikur have now confirmed this in a tweet.
Discussions imminent.
160p open?

[eddie47] 28/5/2024 20:19

Yesterday, @apikur_oil called for tripartite meetings with Government of Iraq and Kurdistan Regional Government officials. Today, we acknowledge the swift, public response from Iraq's Ministry of Oil and look forward to scheduling joint discussions to restore oil exports through the Iraq-Türkiye pipeline. apikur.uk/publications/a...

[habshan] 28/5/2024 20:14

Hi beernut, the ICG thought they were going to bypass the Kurds with their refurbished pipeline. The Kurds were never going to allow it.

They thought they could use the salary issue as a lever to apply pressure. Their own "Supreme Court" put paid to that.

They thought that by cutting off exports they could starve the KRG and IOCs of revenue. Kurdish production is now back up to full capacity.

Time is running out for them as the clock ticks down on the ITP agreement.

They've never challenged the PSCs in an International Court or tried to cancel them because they know they're legal.

Legally and Constitutionally their case is hopeless.

In Erdogan's visit last month he didn't give them ONE EXTRA DROP of water but secured 10 years and billions of dollars of work for Turkish companies to help them make better use of what he's already giving them.

They've got no cards left and have been sidelined, now it's them that's asking for an urgent meeting because they want exports restarted.

They've painted themselves into a corner and if they want ANY oil in the ITP the only avenue left open to them is to give APIKUR what they want.

APIKUR and the Kurds mustn't give an inch in the upcoming meeting, they need to keep tightening the screws.

Anyway, fingers crossed.

[beernut1] 28/5/2024 19:40

Well Habshan
What we discussed a couple of days ago about Kurdistan getting budget payments guaranteed and still no oil for Baghdad.
Maybe just karma.
Gla

[habshan] 28/5/2024 19:11

"In a statement released on Tuesday, the Ministry emphasized the need to align the export processes with existing agreements, specifically routing exports through the Turkish port of Ceyhan in compliance with the fixed quantities stipulated in the budget law."

So they've decided that they need to restart exports in "alignment with existing agreements".

I certainly can't see them convening this urgent meeting just to reiterate "nope it's $6 a barrel".

[mmt1] 28/5/2024 19:05

lets not forget, this lot like to talk..

they just never come to any agreement...

[shortsqueezer] 28/5/2024 19:04

https://shafaq.com/en/Iraq/Baghdad-calls-for-an-urgent-meeting-with-Erbil-to-resume-oil-production

[luckyclicker] 28/5/2024 19:01

https://x.com/KurdistanWatch/status/1795503631514374301?t=wdMN3DHoMGpmjMK5jib0dw&s=19

[luckyclicker] 28/5/2024 19:01

The Iraqi Oil Ministry calls for an urgent meeting in Baghdad with the KRG and foreign oil companies to expedite the KRG oil export restart through the 'Northern System,' which may indicate export via the Kirkuk-Turkey pipeline.The Iraqi Oil Ministry released a statement saying:The Federal Oil Ministry is dedicated to resuming oil production in the Kurdistan Region and restarting oil exports through the Northern System to serve the national interest. The oil minister invites the KRG and international oil companies to attend a meeting as soon as possible in Baghdad with the purpose to reach an agreement that will expedite production and resume oil exports via the Turkish port, in line with the quantities specified in the budget law.

[bigdog5] 28/5/2024 18:58

Keep conning yourselves gullible suckers, its hilarious, lol, lol, lol.

[mmt1] 28/5/2024 18:58

mind you the the translation app on android via camera translates to close to that...

[habshan] 28/5/2024 18:57

BasNews - Iraqi Oil Ministry Urges Meeting to Resume KRG Oil Exports.

ERBIL — The Iraqi Oil Ministry has called on the Kurdistan Region’s Ministry of Natural Resources and companies operating within the region to convene in Baghdad to discuss the resumption of oil exports from Kurdistan.

In a statement released on Tuesday, the Ministry emphasized the need to align the export processes with existing agreements, specifically routing exports through the Turkish port of Ceyhan in compliance with the fixed quantities stipulated in the budget law.

Oil exports from the Kurdistan Region have been suspended since March 25, 2023, leading to significant financial and infrastructural setbacks for both Iraq and the Kurdistan Region. The halt has also impacted the global energy market, reducing the supply by approximately half a million barrels of oil per day.

The ongoing discussions between Baghdad, Erbil, and Ankara aim to resolve the issues and facilitate the resumption of these crucial exports. However, international oil companies operating in the Kurdistan Region have pointed to the Iraqi federal government's refusal to restart the exports as a significant barrier.

Myles Caggins, a spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR), highlighted in a statement to Kurdish media that one of the main points of contention involves the contracts with international oil companies and the costs associated with oil production.

[worldquant] 28/5/2024 18:46

#BREAKING: Iraq's Ministry of Oil calls on the Kurdistan Regional Government (KRG) and international oil firms to convene in Baghdad for high-stakes negotiations to resume Kurdistan Region's oil production and reopen exports via Iraq-Turkey pipeline, aligning with the budget law - statementhttps://x.com/zoomnewskrd/status/1795497706263052327?t=EohX7kQLkYMCh9-B3EnJVA&s=19

[mmt1] 28/5/2024 18:39

hxxps://www-oil-gov-iq.translate.goog/?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

where is it? the ministry of oil translates fully from the arabic...

Arabic site - hxxps://www.oil.gov.iq/

Look which side the logo is on x/twitter and his posting...

[worldquant] 28/5/2024 18:34

Here https://x.com/KurdistanWatch/status/1795503631514374301?t=4EHRP4hKBVlWjtBTnn5yAQ&s=19

[worldquant] 28/5/2024 18:33

MoreThe Iraqi Oil Ministry calls for an urgent meeting in Baghdad with the KRG and foreign oil companies to expedite the KRG oil export restart through the 'Northern System,' which may indicate export via the Kirkuk-Turkey pipeline.The Iraqi Oil Ministry released a statement saying:The Federal Oil Ministry is dedicated to resuming oil production in the Kurdistan Region and restarting oil exports through the Northern System to serve the national interest. The oil minister invites the KRG and international oil companies to attend a meeting as soon as possible in Baghdad with the purpose to reach an agreement that will expedite production and resume oil exports via the Turkish port, in line with the quantities specified in the budget law.

[mmt1] 28/5/2024 18:31

There is no such article.. I had to check just in case :]