Gulf Keystone Petroleum Share Discussion Threads

[bigdog5] 18/4/2024 22:43

- The cost of oil production and transportation in the Kurdistan Region is $26 per barrel, while in Iraq, it is less than $7.

Perhaps Baghdad are asking themselves how Koruptistan come up with the $26 when this company brags about lifting costs being less than $3 and wondering what all the difference can possibly be!!

Why would Baghdad pay what Epicure want when it makes financial sense for them just to ramp up their own production!! Which they can easily do and much cheaper which therefore adds more to their budget. Pure economics.

[furenstaurus] 18/4/2024 21:39

#gkp #gkptakeoverVery difficult to accurately value @Gulf_Keystone given future prospectivity , current subset CPR, increase in gas/condensate demand from Europe via Turkey, post Putin.So this is my prudent range, with pale blue area IMO where we will end up.https://x.com/chicagojack5/status/1780929628112036209?s=61&t=EEAJRmerpfLiAmForyb8Dw

[furenstaurus] 18/4/2024 20:31

The company is obviously sold TBA.https://x.com/goodnightcharl1/status/1781030394281828694?s=61&t=EEAJRmerpfLiAmForyb8Dw

[milliecusto] 18/4/2024 20:23

More oil on the market helps potentially lower oil prices, considering Russia's refineries are getting hit by Ukraine, this additional oil may help America fill its strategic reserves which are I think at a all time low

[punter26] 18/4/2024 20:08

Kojin Ahmed@kojinahmed

Partnership signed between Iraq ministries of Oil & Electricity with
USChamberof Commerce.
@iqministryofoil
@HAbdalghanii
10:39 PM · Apr 17, 2024

----------------------
Shappy@Shappyroo (21h)
"What's your feeling about pipeline re-opening / kurdish oil restarting to be exported. Is it likely very soon/during may?"
----------------------
Kojin Ahmed@kojinahmed (21h)
"Multiple unofficial indications within KRG's MNR & IQ's MoO that it will be within May June"
----------------------
Shappy@Shappyroo (21h)
"Thank you"

[arcadian] 18/4/2024 19:56

Lots of words, promises memoranda and hopes for the coming days. These guys are masters of deception delaying tactics and smooth talk but I will feel better when APIKUR say they are really pleased with what they have been offered. That won`t be soon as the "contracts" issues are still on the chopping block and no one even mentions back payments. The pipe lines may open but should we produce and sell unprofitable oil to fill it?

I do have hope that Erdogan will have more success in producing meaningful change for the Kurds and our companies. Memoranda don`t cut it but water just might.PS

[justiceforthemany] 18/4/2024 19:54

Those of you who said Iraq now wanted nothing to do with the US and would not engage have been proven spectacularly wrong!

[fairenough11] 18/4/2024 19:09

Hello Greater Shaikan

[steephill cove] 18/4/2024 19:08

The fact that Iraq 🇮🇶 is so willing to enter into and sign MOU agreements with 🇺🇸 companies, dispels the myth that the Iraqis are avoiding Western influence and assistance ✅

The GKP Express 🚂🛢️is rapidly approaching its final destination 🏁🏆📈

[steephill cove] 18/4/2024 18:59

Comprehensive list of MOUs signed (See 1-14).

Iraq signs MoUs with U.S. companies in electricity, oil, and pharmaceuticals.

2024-04-18 08:58

Shafaq News / Iraqi Prime Minister Mohammed Shia Al-Sudani has signed memorandums of understanding (MoUs) with major American companies to implement projects across various sectors including electricity, oil, pharmaceuticals, and the economy.

During a meeting with CEOs and representatives of prominent American companies in Washington D.C., hosted by the U.S. Chamber of Commerce, Al-Sudani addressed inquiries related to Iraqs investment environment and the government's facilitations to the private sector, according to the PMs media office.

During the meeting, Prime Minister Al-Sudani oversaw signing several Memorandums of Understanding between the Iraqi Ministries of Electricity and Oil, the Iraq Development Fund, and various American corporations. MoUs were also signed by the Iraqi private sector companies and American companies in the fields of energy and pharmaceutical manufacturing.

In his address, the Prime Minister highlighted the openness of Iraq's investment sector to attract reputable global companies to participate in the economic boom and infrastructure projects underway in Iraq. He also highlighted the comprehensive financial, banking, and administrative reforms initiated by the government, which has achieved significant progress within the past eighteen months, as reported by his media office.

Key points from Al-Sudani's speech during the signing ceremony with major American companies include:

-Agreement on the necessity to develop bilateral relations across various sectors.

-Enhancement of the relationship to invigorate the private sector and support U.S. companies in Iraq.

-Iraq's commitment to maintaining stability amid regional challenges.

-Significant progress in economic reforms and execution of major projects.

-Introduction of a Bill addressing challenges facing the private sector.

-Ongoing efforts to achieve full compliance with international standards.

-The implementation of a treasury single account and an integrated banking system, along with updated tax collection, customs reforms, and the correct redirection of subsidies, mark significant accomplishments.

-Supporting the private sector remains a key strategy, with sovereign guarantees being provided for the first time to back projects.

-The Iraq Development Fund aims to involve the private sector, address bureaucracy, and streamline processes for companies.

-Reforms in the tax system and other administrative areas related to company branch registration have been undertaken to foster an attractive investment environment.

-The current trade volume between Iraq and the United States is below $10 billion.

-A comprehensive vision for optimal oil and gas investment has been established, with the sixth licensing round focusing on natural gas fields being offered for the first time.

-Plans are in place to achieve gas self-sufficiency and end gas imports within 3-5 years.

-Integrated projects have been initiated in 6-8 fields across provinces, following a model that develops oil, utilizes associated gas, and establishes electric stations and petrochemical industries on the same site.

-Iraq is embarking on creating a fixed platform for receiving liquefied natural gas for the first time, providing an opportunity for American and other international companies.

-A contract has been signed with KBR to conduct a study for the fixed platform, aimed at future gas reception and export.

The media offices statement clarified that the government MoUs that were signed are:

1. Ministry of Electricity and General Electric (GE): MoU to develop the energy sector.

2. Ministry of Oil and Honeywell: Partnership agreement to develop strategic plans for oil fields and associated gas.

3. Ministry of Oil and General Electric: Agreement to enhance oil field and associated gas development.

4. Iraq Development Fund and MACK: Memorandum for the manufacture of specialized vehicles.

Private Sector Memorandums with American Companies:

1. Baxter International: Cooperation in the field of dialysis supplies.

2. KBR: Development of oil fields.

3. KBR: Processing raw gas into liquefied and associated gas.

4. US International Development Finance Corporation with National Bank of Iraq NBI: To enhance financial cooperation.

5. TransAtlantic Petroleum: Oil field management and development.

6. Honeywell: Development of associated gas fields and ending gas flaring.

7. Honeywell: Development, automation, and remote-control services.

8. Baker Hughes: Implementation of smart solutions to stop gas flaring and oil field maintenance.

9. Emerson: Technology and automation in oil fields.

10. GE: Support for the oil industry.

11. ARC Energy: Solutions for associated gas processing.

12. Emerson: Energy development and equipment provision.

13. GE: Supplying equipment for processing associated gas in power generation.

14. Honeywell: Oil field development, maintenance, and stopping gas flaring.

Noteworthy, Al-Sudani arrived in Washington on Sunday on an official visit, leading a high-ranking government and parliamentary delegation. It is his first visit to the United States since assuming office in October 2022,

The Prime Minister met with President Joe Biden, Secretary of State Anthony Blinken, the Deputy Secretary of the Treasury Wally Adeyemo, Stellar Energy's CEO Peter Gibson, Czech Prime Minister Peter Fiala, the Iraqi community, and others.

[theythinkitsallover] 18/4/2024 18:58

In an interview with al-Hurra TV, the Iraqi Oil Minister stated:

- The cost of oil production and transportation in the Kurdistan Region is $26 per barrel, while in Iraq, it is less than $7.

- Three days ago, we requested the KRG to provide the oil contracts, but they have not responded yet. The request for contracts is to comply with the budget law and Iraqi legislation.

- A contract has been signed with Crescent to import 100 million cubic meters of gas from the Kormor field in Chamchamal (in south Sulaimani province). However, there is a dispute between the company and the KRG over the quantity. Nonetheless, he confirmed that the pipeline, transmission points, and all other contract details have been finalized, including a fixed price that is 30% lower than the cost of imported Iranian gas.

[steephill cove] 18/4/2024 18:46

HKN Energy Ross Perot Jnr quote in black & white where he talked about Kurdistan wanting to be 51st state of USA & where he also mentioned the Permian. GKP quotes too from John Harris.

[shortsqueezer] 18/4/2024 18:41

All the world's a stage .....

[steephill cove] 18/4/2024 18:40

Iraq & USA

Clearly now strategically working together hand in hand to develop & improve Iraqs fortunes on the International stage,

Kurdistan USAs 51st state, (remember that quote by HKN Energys Ross Perot Jnr) will benefit & the USA will ensure that is the case.

Iran has no choice but to calm down, because the USA will become its next door neighbour.

[steephill cove] 18/4/2024 18:19

MOUs Signed

ARC Energy

Solution Provider

Upstream
Midstream
Downstream

[highlander7] 18/4/2024 18:14

You dont just suddenly appear in the USA ( or anywhere else ) and start signing MOU's willy nilly . This must have been in the planning for a while. They have to be negotiated.

If I was suspicious before I am double that now. Something is up alright.

IMO

[steephill cove] 18/4/2024 18:13

Remember this which was announced in South East Turkey just over a year ago not far from the Turkey/Kurdistan border? 😉

[bigdog5] 18/4/2024 18:13

They are steepy but what has that got to do with a few barrels of sludge?

There's more than enough oil in the States which they can be involved with, its safer, they get paid, they know what the terms and conditions are, they know where the oil goes and there's no sanctions against those that own a pipe!!

Whereas, that can't be said of the Land of delusion innit:-)

Just saying like.

I note that your Express to nowhere is still having problems getting out of the sidings after 8 years, too much BS on the track?

[steephill cove] 18/4/2024 18:05

MOUs signed

Transatlantic Petroleum

Strategic ✅

They are currently operating in 150,000+ acres of territory in South East Turkey 🇹🇷 which borders Kurdistan ✅

[luckyclicker] 18/4/2024 18:03

The Iraqi Oil Minister says that the only thing left to do is to agree on the cost of production and transportation of Kurdistan oil. Regarding natural gas, he said Kurdistan gas is 30% cheaper than imported from Iran. We are ready to produce and immediately export [the Kurdistan Region's] oil, which will benefit the Kurdistan Region, oil companies and the Iraqi state," Iraqi Oil Minister Hayan Abdul Ghani told US television channel Al-Hurra. As we have been told from the Kurdistan Region, the cost of oil production and transportation is $26 a barrel, while in our country it is not $7," Abdul Ghani said.https://www.rudaw.net/sorani/business/180420243

[steephill cove] 18/4/2024 17:58

MOUs Signed

GE (S&P 100)
Honeywell (S&P 100 & Nasdaq 100)
Emerson (S&P 100)
Baker Hughes (Nasdaq 100 & S&P 500)
KBR (S&P 400)

[highlander7] 18/4/2024 17:57

Such memoranda are most often seen in international treaty negotiations but also may be used in high-stakes business dealings.

[gkpbanggone] 18/4/2024 17:30

Mou very similar to sales implementation agreement that #gkp probably signed some time ago.