Gulf Keystone Petroleum Share Discussion Threads

[worldquant] 29/5/2024 07:58

It's the ICG that need to make concessions now....

[shortsqueezer] 29/5/2024 07:49

I would certainly prefer that. Just imagine the size of the divi we could get :-)

[highlander7] 29/5/2024 07:47

No.

APIKUR need to stay firm and in control. Its the only way. Anything else is a sign of weakness and they will be forced to make concessions that will cost us all in the long run. Fix it now.

[shortsqueezer] 29/5/2024 07:46

Surely it would be simplest to just pay off the back payments in instalments deducted from the increased production and vastly increased income?

[habshan] 29/5/2024 07:45

WQ, the more I think about it the more I think that OPEC could be behind it.

Saudi Oil Minister - "We are the guardians of this industry".

The whole rationale behind OPEC is to regulate the industry and support the oil price which for the last many months has been in the $83-84 region.

Yet now we have 400kbpd of Kurdish oil going here there and everywhere into the world market at $30-40 a barrel and undercutting OPEC's price by more than half.

They'll want it brought under control and could well have told the Iraqis to get it sorted.

A couple of months ago Iraq were told by OPEC to get the pipeline open and allow Kurdish exports.

[fardels bear] 29/5/2024 07:43

Hmm. But one is a one off and the other is for keeps. Bit one sided methinks

[highly geared] 29/5/2024 07:42

A reasonable compromise might be to accept some downward movement on production costs in return for back payments being made in whole. That way, both sides can present as a win.

[highlander7] 29/5/2024 07:38

Yes it could be OPEC but its more likely to be a combination of factors. Vis ..
USA Pressure / The ICG budget deficit / OPEC-Saudi pressure / Turkey and the water issue / the realisation that neither Kurdistan or its O&G sector are going to go broke and they are going to lose control anyway in 2025 unless they open the pipeline and negotiate.

IMO

[habshan] 29/5/2024 07:27

"They clearly are being forced by OPEC to restart or lose part of their quota……"

Could well be, good point, but whatever it is let's hope it works.

The OPEC meeting starts on Sunday so if they want to get a deal done by then they'll certainly need to get their skates on.

Things could move very fast.

Let's hope you're right.

[worldquant] 29/5/2024 07:21

OPEC meets this Sunday Expect a restart announcement before then

[worldquant] 29/5/2024 07:20

They clearly are being forced by OPEC to restart or lose part of their quota......22 AprilOPEC urges Iraq to resume Kurdistan Region's oil exports amid economic concernsA source within the Federal Oil Ministry disclosed to Iraqi media that OPEC has specifically called upon Federal Oil Minister Hayyan Abdul Ghani to greenlight the export of oil from the Kurdistan Region through the Turkish port.

[worldquant] 29/5/2024 07:17

Habshan OPEC meets very soon.IRAQ are terrified of losing their quota?..That's why it's suddenly urgent

[worldquant] 29/5/2024 07:16

It?s a side show?the company is sold that is crystal clear.Our buyback program is a stabilisation program pre announcement.

[worldquant] 29/5/2024 07:14

Habshan OPEC meets very soon.IRAQ are terrified of losing their quota.....

[worldquant] 29/5/2024 07:11

It's a side show...the company is sold that is crystal clear.Our buyback program is a stabilisation program pre announcement.

[shortsqueezer] 29/5/2024 07:10

I can't see all these important people wasting time getting together unless some negotiations have already been taking place. So it's a positive sign in my view.

[mmt1] 29/5/2024 07:07

The only change this time that I can see is the IOC's will be at the table...

I presume therefore we might get more of an indication of what is astualy the problem - people will fire questions I am guess at the AGM at the directors next month - and they won't be able to say we don't know or give vague answers...

Will anything be different, we can only but hope!

[beernut1] 29/5/2024 06:48

On kurdistan24 news

Iraqi Oil Ministry calls for immediate resumption of oil exports from Kurdistan Region
Iraq's Oil Ministry also invited the Kurdistan Regional Government (KRG) Ministry of Natural Resources and companies operating in the region to meet in Baghdad as soon as possible. author_image Kurdistan 24 Digital Media
12 Hours

An engineer walks in the grounds of the Khurmala oilfield, 10Km south of Erbil, the capital of Kurdistan Region, July 18, 2009. (Photo: Safin Hamed/AFP)
An engineer walks in the grounds of the Khurmala oilfield, 10Km south of Erbil, the capital of Kurdistan Region, July 18, 2009. (Photo: Safin Hamed/AFP)
Iraq Iraqi oil ministry Oil exports
ERBIL (Kurdistan24) – The Iraqi Oil Ministry in a statement on Tuesday called for the immediate resumption of oil exports from the Kurdistan Region.

Iraq's Oil Ministry also invited the Kurdistan Regional Government (KRG) Ministry of Natural Resources and companies operating in the region to meet in Baghdad as soon as possible.

In the statement, the ministry said the meeting's goal was to discuss the export of oil from the Kurdistan Region through the Ceyhan port in accordance with the agreement.

The amount of oil exports will be determined by the budget law, according to the statement.

Iraq has lost $11 billion in revenue and $400 million in investments by APIKUR member companies following the suspension of oil exports from the Kurdistan Region through the Iraq-Turkey pipeline.

Despite the readiness of the Turkish and Kurdistan Regional Governments (KRG), Iraq is still not ready to resume oil exports.

[beernut1] 29/5/2024 06:45

Well we’ve had hopes built up many times before only to be knocked down.
Let’s hope it’s different this time.

GLA

Interesting Development28 May 2024 19:03

[habshan] 29/5/2024 06:43

"An "urgent" meeting ? Thats new."

Indeed. Just 9 days ago Al-Sudani said this:-

OilPrice.com - “The companies refuse to amend, so the process stops at this point,” Al-Sudani said in a televised press conference on Sunday"

Now they want an urgent meeting to negotiate an immediate resumption of exports.

So what's changed that's so urgent.

[hydrocarbon1] 29/5/2024 06:38

H7-I said months ago that is what they should do, also should pay Kurd budget entitlement directly, we discussed it at the time.
Did not see that they have done any of it but great if so.

[highlander7] 29/5/2024 06:26

Kurdistan Watch:12h

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.
==================================================================================

An "urgent" meeting ? Thats new.

Blinken has already warned them: no pipeline open = no aid money. Maybe they are starting to take him seriously.

[hydrocarbon1] 29/5/2024 05:47

Sorry, nothing has changed, how many times have we read - willingness co-operation-positivity etc etc etc.
Iraq, it seems, only goes along so far and the same old outcome every time $6.00 same as Iraq pay???? They have to appear as trying to keep Sleepy Joe happy.
I feel outcome will be"Iraq reiterates - Foreign oil Cos still unwilling to negotiate reasonably "
Hope I am wrong!