Im beginning to think the issue is that the ICG have realised they need the Kurds on board for the BP deal. IF that is the case the BP will be pushing for it as part of the deal.I doubt Trump is done either. So this is not over yet.
IMO |
"BP-Iraq Kirkuk agreement must include Kurdistan, says region's prime minister.
One way for the Kurds to get involved in the negotiations would be to meet with BP officials separately from the Iraqi government.
The Kurds will use their ties with U.S. government to push the Iraqis and BP to involve them."
Hehehe, Kurds barging in, love it.
"In practice, I don't think we have the ability to prevent this," Barzani said, but called the deal "unconstitutional."
The deal IS unconstitutional and hence illegal, and the Kurds may not be able to prevent it without going to court but they certainly can and already have prevented that oil being exported through the Iraq-Turkey pipeline.
Last week - "Abdul Ghani said that the deal will raise production to 500kbpd which will be sent to local refineries".
Cut us in on the deal and we might let you export it. |
"In addition there's even more signs that Baghdad seek to control all as a few of us mentioned ages ago!!"
Indeed Sarah, but no brownie points I'm afraid. Baghdad have been seeking control for a hundred years and they're no closer now than they were then:-
Text of the statement of the Kurdistan Regional Government.
"We were surprised that a proposal was sent to the House of Representatives unilaterally by the representative of the federal government in the House of Representatives without consulting the Kurdistan Regional Government.
These efforts will harm the whole of Iraq, deepen the problems and do not serve to resolve the issues.
Therefore, we reject these attempts and proposals in any way."
So,try again.
john@john - "Revisions to budget amendment being discussed.... expect it to come back for a vote soon...." |
If this touches the 140s today I'll be buying hand over fist |
 Rudaw Digital The Kurdistan Regional Government (KRG) has said that a proposal to amend the budget law on oil exports has been sent to the Iraqi parliament without their knowledge and consultation. Text of the statement of the Kurdistan Regional Government: After several meetings and efforts to amend the federal budget law by the House of Representatives and resume oil exports, although the first and second reading, but unfortunately at the last moment, was not voted on.We were surprised that a proposal was sent to the House of Representatives unilaterally by the representative of the federal government in the House of Representatives without consulting the Kurdistan Regional Government or being voted on by the Federal Council of Ministers By amending the budget bill for the export of oil from the Kurdistan Region.These efforts will harm the whole of Iraq, deepen the problems and do not serve to resolve the issues. Therefore, we reject these attempts and proposals in any way. Therefore, the proposal we have agreed upon must be put to a vote. Spokesperson of the Kurdistan Regional Government |
hxxps://de.marketscreener.com/kurs/index/S-P-GSCI-PETROLEUM-INDEX-46869201/news/Exklusiv-BP-Irak-Kirkuk-Abkommen-muss-Kurdistan-einbeziehen-sagt-der-Premierminister-der-Region-48850335/ |
https://x.com/john78846295/status/1882424315498655767?s=46KEG reject amendment to the amendment |
"Revisions to budget amendment being discussed.... expect it to come back for a vote soon...."
It will need to be soon.
"The agreement commits both parties to sign a contract in the first week of February," he said. |
John@john78846295:. 2h
Revisions to budget amendment being discussed.... expect it to come back for a vote soon.... |
Ah old Pinocchio Ghani again eh? |
"Iraq's Oil Minister Hayan Abdel Ghani told AFP News that the project would increase the four oil fields' production to up to 500,000 barrels per day."
Last week - "The minister also noted that under the BP deal, oil production would be raised by up to 100,000 barrels per day (bpd), noting that the oil would flow to refineries in the north".
Kurdistan currently produces around 300kbpd, some goes to local refineries but most of it goes to Turkey and Iran and then to the UAE and world markets.
But 500kbpd from Kirkuk is supposedly going to be absorbed by local refineries around Kirkuk.
Methinks not.
But exporting through their section of the ITP that was newly refurbished for the purpose is no longer part of the plan.
"The agreement commits both parties to sign a contract in the first week of February," he said.
I suspect that BP's pen will be hovvering for a while longer. |
Let them huff and puff . Trump wont see it as meddling because its his way or no way , as they are just about to find out. The hard way by the sounds of it. |
#gkp #gkptakeover
8 October 2024, the Company’s current share buyback programme of up to $10 million remains ongoing, running to the earlier of its completion or the 2024 Full Year Results on 20 March 2025
😊🤣 |
My first message. I've been following the board for months without registering with ADFVN. Thank you for all your helpful contributions. What I found:
hxxps://www.france24.com/en/live-news/20250115-bp-nears-deals-for-oil-fields-curbs-on-gas-flaring-in-iraq
"The objective is to enhance production and achieve optimal targeted rates of oil and gas output," Sudani's office said in a statement.
Iraq's Oil Minister Hayan Abdel Ghani told AFP after the new accord was signed that the project would increase the four oil fields' production to up to 500,000 barrels per day from about 350,000 bpd.
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"The agreement commits both parties to sign a contract in the first week of February," he said.
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Ghani noted the project will also target gas flaring.
-> What does this mean for the vote on the budget law: Do you have to have clarified the payments with the KRG by then? |
From Lsere oil and gas
RE: The Update My ResponseToday 11:49
The Iraqi government has rejected amendments proposed by the parliamentary finance committee to the budget law concerning KRG oil production costs and introduce a clause requiring all KRG oil and gas revenues—whether from domestic or international sales—to be transferred to the Iraqi treasury.
In an official communication to parliament, Ahmed Abdulzahra Fatlawi, the government's parliamentary liaison, stated: "The federal government opposes the proposed amendment as it would effectively reduce federal treasury revenues compared to the existing framework, contradicts standard practices implemented across Iraq under the current Financial Management Law, and conflicts with SOMO's established oil marketing and revenue collection protocols, which mandate direct transfer of all proceeds to the Ministry of Finance's oil and gas account."
The core dispute centers on two distinct approaches to handling oil revenues: The federal government's position mandates that all oil revenues be transferred in full to the federal treasury through SOMO's established mechanisms, with production costs to be reimbursed through separate administrative channels. In contrast, the parliamentary committee's proposal would allow production costs to be deducted at source before revenue transfer - a mechanism the government considers problematic as it could circumvent SOMO's oversight and potentially enable unauthorized deductions.
To resolve this impasse, the government has proposed alternative language: "All revenues generated from oil, its derivatives, and gas sales, whether domestic or international, must be remitted in full to the federal treasury as final revenue without any pre-transfer deductions, in accordance with the standardized procedures applied across Iraq and as stipulated in the amended Financial Management Law No. (6) of 2019, with fair cost assessments to be calculated separately."
While the federal government has provisionally agreed to increase the KRG's per-barrel production cost allowance in the budget amendment bill from $6 to $16 for a 60-day period - pending an independent assessment by an international auditor - the bill has stalled in Parliament due to ongoing disagreements over technical and procedural details. |
The collective west must immediately stop all foreign aid payments to Baghdad. Hundreds of millions of dollars being wasted - until they agree to reopen the ITP. |
Could the last minute intervention have come from the U.S? The agreed amendment required KRG to export 400k barrels a day where would any over production go? There's no financial incentive for KRG to export more! U.S clamping down on smuggling to Iran? |
Slumping.Wanting control and taking control are two different realities as you will shortly find out. |
Why did Baghdad wait until the ultimate hour to drop their inclusive bombzhell, I would conclude that they never had any intention of concluding a deal that recognised the legal approved rights of Kurdistan’s and basra's Communities.
As Such Baghdad is not capable of rationality and are an unworkable entity |
Fat dog = Simon Watkins
Plugging his 💩 books as usual |
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