Sheikhan - Per barrel: $29.74."
That's $514k to GKP and $714k per day to the KRG at 48kbpd and the rest to MOL. |
"Significant volumes of KRG crude oil are currently being traded on the domestic market in Erbil.
KRG Oil Market Prices as of Today:-
Sheikhan - Per barrel: $29.74." |
Bigdog - "Looks like he's realised who is in control. Erbil not in a good place for negotiating now."
"In practice, I don't think we have the ability to prevent this," Barzani said, and called the deal "unconstitutional."
But if you cut us in on the deal we might let you export it. |
It's not going to happen. Every man and his Dog knows what's under shaikan. And that's why we are at this impasse today |
Kevc6723 Jan '25 - 15:30 - 717373
Thanks for that, I've always wondered whether the $150m approx per month KRG share of local sales is being accounted for. |
If all the money goes to Baghdad and they reimburse $16/barrel for costs, what does the company receive? Just the $16, or something more, or something less? |
John on Twitter appeared from nowhere.I thought he was someone from here.Pretty straight imo.Posts a lot of news. |
 Probably already posted. Shafaq News/ On Thursday, Kurdistan Regional Government's (KRG) spokesperson Peshawa Hawrami criticized the Iraqi federal government for unilaterally submitting a revised budget proposal to Parliament without prior consultation with the KRG."The move replaces a previously agreed-upon draft between the two governments," he told Shafaq News.Hawrami explained that despite extensive meetings and persistent efforts to amend the federal general budget law to enable the resumption of oil exports from the Kurdistan Region, the agreed draft was unexpectedly altered and presented in a different form at the final stage.He expressed alarm over the federal government's unilateral actions. "Submitting a new proposal without prior coordination with the KRG or approval by the federal Council of Ministers undermines prior agreements and established protocols," he said."This approach erodes trust and exacerbates Iraq's crises, diverting attention from finding effective solutions."Hawrami called for immediate corrective action. "We firmly reject the revised proposals. The Federal Council of Ministers must reinstate the agreed-upon draft, approve it, and submit it to Parliament for a proper vote," he stressed.Notably, Hawrami's remarks followed an announcement by MP Firas Al-Muslmawi, from the State of Law bloc, on January 21, confirming that the Iraqi Parliament had received an amended version of the federal budget law from the Baghdad government. |
Iraq and BP are expected to sign a multi-billion dollar agreement over four oil and gas fields in Kirkuk in the first week of February.
"In practice, I don't think we have the ability to prevent this," Barzani said, but called the deal "unconstitutional."
Looks like he's realised who is in control.
Erbil not in a good place for negotiating now.
Could Trump be the last card Erbil has to play? |
I think Sudani will have to make a statement shortly. He's beginning to lose his credibility, imo. |
What a great guy JG was ! |
Yep and herin lies the rub. Someone in Kurdistan is getting very rich off the current status quo. Too many fingers in pies. This is the problem. |
https://x.com/KurdistanWatch/status/1882449594245673018 KRG Oil Market Prices as of Today: Significant volumes of KRG crude oil are currently being traded on the domestic market in Erbil. However, the KRG Ministry of Finance has recorded zero revenue from these transactions. There are no official statements or reports detailing these sales, raising serious concerns about transparency. Reports indicate that the proceeds are being privately acquired by select officials, primarily members of the Barzani family, including Masrour Barzani and Mansour Barzani and their sons, who maintain substantial controlling interests in the oil distribution network.In an effort to address this issue, the Iraqi government has proposed an amendment to the federal budget. This new clause aims to close the loophole by requiring the KRG to return revenues from oil sales, including those conducted on the domestic market.KRG Oil Prices in Erbil's Markets by Oilfield as of today, 23rd January 2025:Atrush Per ton: $290 Per barrel: $39.56Khurmala Per ton: $272 Per barrel: $37.11Tawke Per ton: $265 Per barrel: $36.15Oryx Per ton: $235 Per barrel: $32.06Sheikhan Per ton: $218 Per barrel: $29.74 |
I would say these latest developments might just prompt KRG to have another go at Independence. Rightly so in my view. |
I guess the other hypothetical we dont know is, what happens if they do revert back to the old amendment. Whats the likelihood of this getting voted through if the non Kurdish politicians decide they all want a bit of oil revenue pie as well. Are there enough in the latter camp to vote against it? |
 KRG condemns Baghdad’s unilateral budget proposal
Kurdistan
breaking
KRG
budget bill draft
Iraqi federal government
Peshawa Hawrami
KRG condemns Baghdad’s unilateral budget proposal
2025-01-23 15:04
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Shafaq News/ On Thursday, Kurdistan Regional Government’s (KRG) spokesperson Peshawa Hawrami criticized the Iraqi federal government for unilaterally submitting a revised budget proposal to Parliament without prior consultation with the KRG.
“The move replaces a previously agreed-upon draft between the two governments,” he told Shafaq News.
Hawrami explained that despite extensive meetings and persistent efforts to amend the federal general budget law to enable the resumption of oil exports from the Kurdistan Region, the agreed draft was unexpectedly altered and presented in a different form at the final stage.
He expressed alarm over the federal government’s unilateral actions. “Submitting a new proposal without prior coordination with the KRG or approval by the federal Council of Ministers undermines prior agreements and established protocols,” he said.
“This approach erodes trust and exacerbates Iraq’s crises, diverting attention from finding effective solutions.”
Hawrami called for immediate corrective action. “We firmly reject the revised proposals. The Federal Council of Ministers must reinstate the agreed-upon draft, approve it, and submit it to Parliament for a proper vote,” he stressed.
Notably, Hawrami’s remarks followed an announcement by MP Firas Al-Muslmawi, from the State of Law bloc, on January 21, confirming that the Iraqi Parliament had received an amended version of the federal budget law from the Baghdad government.
So the KRG reject the revisions. What's next I wonder? |
Ha yes that would be something |
Id laugh if it was John Gerstenlauer (ex COO & CEO GKP) 😆 |
Also quite mad to think that Al Sudani stood up in parliament in December and urged everyone to vote for the amendment. And then went and sucker punched it on the day of the vote. Had almost forgot about that. |
If BP get established how will that affect quotas? |
No Bob it's not me, but he does seem able to access what's going on quite quickly and he does seem to be genuine.
I don't know who he is but so far he's given no reason to doubt him that I can see. |
The closer we get to September I would anticipate either Iraq folds or we go with better terms from KRG-Turkiye |
Who is John on Twitter btw. Do they grace this board? Habs is it you? |
Trumps back in charge,let's get everything out there and sort it out once and for all.Show the medievals in Baghdad for what they really are.If it means pulling away from the nutters then so be it.Timing couldn't be better to sort this lot out. |
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