spark plug - "how can the stalemate be resolved?"
I don't think it can be resolved, the Shia want control and they're not going to get it. That's why imo the Kurds APIKUR and Turkey are waiting for September. The ONLY thing preventing the restart of exports is the clause stating that Turkey can't load ships without approval from Baghdad.
Once the agreement expires they'll just revert to doing what they were doing for the nine years before the Paris ruling.
Which was exporting Kurdish oil.
And as before there'll be nothing Baghdad can do about it, and as before neither Turkey nor the Kurds will care what Baghdad thinks about it.
And as Ashti Hawrami said, "Erdogan and BOTAS couldn't have been more supportive".
And this time Baghdad won't even be able to bleat about the contracts being illegal because their own court has ruled otherwise. |
#gkp #gkptakeover
CEO “Stay Bonus�
A contractual obligation required by the buyers to be in place as part of their post acquisition business integration plan.
He is KEY MAN,
50% paid in shares = huge incentive as Takeover premium enormous.
He gets paid it within days…?? |
The company is OBVIOUSLY SOLD |
Don't forget the 1mill$ per day fine for Iraq. Must be clocking up quite a bit by now. |
So, where do we go from here? the nightmare continues just when we had our hopes built up for a solution, we are back to square one. Whose move is it next - will Trump intervene?
I wonder whats happening behind the scene, Sudani turns out to be as bad as the rest especially after promises he made to Biden last year - how can the stalemate be resolved? |
508...and that is the whole problem, irag is full of ignorant selfish leaders who will use their control of the oil as a political weapon.
Krg must never lose their oil. |
klassic - "But ultimately he won't want to help the Kurds in their struggle for independence lest it increases agitation from the sizeable Kurdish population in Turkey."
You need to understand the difference between independence and financial independence, they are two VERY different things.
Once the Kurds are exporting again they won't need handouts from Baghdad, they'll have both their oil and very sizeable non oil revenues.
For nine years Baghdad was unable to close the pipeline and once the ITP agreement expires there will be NO contract between Turkey and Iraq, so Baghdad will have no more control over it than the government of Peru.
A year ago:-
DNO CEO - "We do know that the pipeline will reopen because in September next year the contract between Turkey and Iraq for the use of that pipeline ends, Turkey can then do with the pipeline what it wants without any further exposure to the legal side. Once the existing arrangements end they will end and the pipeline will reopen." |
Thanks, where will BP be exporting from in their new fields up north? |
klassic = troll |
Love, lift us up where we belong,where the eagles cryon a mountain high.Love, lift us up where we belong,far from the world we know,up where the clear winds blow. |
No Jack it’s senseless bollax.
As I’ve pointed out previously, the KRG won’t be able to export crude through the ITP without Baghdad agreeing to the arrangement. Why would they agree, as things stand to an OPEC quota busting resumption of exports through Ceyhan?
So how will the the Iraqis stop it? Halt the KRG budget payments; then the threat of military force will be enough to make the wily Peshmerga back off again.
Erdogan is stirring up trouble between Baghdad and the KRG. But ultimately he won’t want to help the Kurds in their struggle for independence lest it increases agitation from the sizeable Kurdish population in Turkey.
The ITP will reopen when it suits Baghdad. Jack, make sense of that. |
 Mentions trade but not oil
Turkish FM to Visit Baghdad to Discuss Bilateral Relations, Regional Security
Given the complex geopolitical challenges in the region, the discussions are expected to highlight Turkey and Iraq’s roles in stabilizing the Middle East.
1 hour ago
Turkey's Foreign Minister, Hakan Fidan. (Photo: AP/Khalil Hamra)Turkey's Foreign Minister, Hakan Fidan. (Photo: AP/Khalil Hamra)
Iraq
Turkish FM
Hakan Fidan
Baghdad Visit
Turkey-Iraq Agreement
Jan. 25, 2025
ERBIL (Kurdistn24) – Turkish Foreign Minister Hakan Fidan is set to visit Baghdad on Sunday to engage in talks focused on strengthening bilateral relations, border security, and regional diplomacy.
Key Agendas for the Visit
According to information obtained by Kurdistan24, Fidan’s visit will prioritize a number of central issues, including:
Assessing bilateral agreements and promoting stronger ties between Ankara and Baghdad.
Consolidation of border security to tackle cross-border challenges and enhance cooperation.
Advancing the normalization of relations between Baghdad and Damascus, a vital topic given the fluctuating dynamics in the region.
Fidan’s visit underlines Turkey’s desire to maintain dialogue with Iraq and advance shared interests in security, trade, and regional stability.
Building on Past Agreements
This visit comes less than a year after Fidan and Turkish President Recep Tayyip Erdogan visited Baghdad and Erbil in April 2024, during which they signed 27 memoranda of understanding covering various sectors.
Read More: Iraqi Premier, Turkish President discuss strengthening bilateral ties
Read More: PM Barzani highlights bilateral cooperation in meeting with Turkish President Erdogan
Among these, the water agreement stood out as a landmark initiative intended to resolve disputes over water sharing, a long-standing issue between Turkey and Iraq.
Fidan’s imminent talks are likely to follow up on these agreements, ensuring their implementation and exploring further avenues of cooperation.
Strengthening Regional Stability
Given the complex geopolitical challenges in the region, the discussions are expected to highlight Turkey and Iraq’s roles in stabilizing the Middle East.
This includes heightened efforts to secure their shared border and promote cooperation on fighting terrorism.
Moreover, the normalization of relations between Baghdad and Damascus will be a key topic, with Turkey playing a mediating role in this dialogue.
Broader Implications
Fidan’s visit is part of Ankara’s broader strategy to strengthen its regional influence and maintain constructive relations with Iraq, a key partner in trade and security.
The outcomes of this visit will potentially shape future collaboration between the two nations and contribute to the evolving political landscape in the Middle East. |
It's all noise. The company is obviously sold TBA. |
Thank you, makes perfect sense |
Jack - "Has anyone confirmed they can go alone on the pipeline? Who actually owns the pipe?"
For 9 years between 2014 and 2023 the KRG and Turkey exported Kurdish crude and there was nothing Baghdad could do about it.
The Paris arbitration court ruled in March 2023 that Turkey had only breached the ITP agreement by loading ships without Baghdad's approval.
From September Turkey will no longer be bound by that clause because the ITP agreement expires.
So they'll be at liberty to restart exports which they have said multiple times they are ready to do.
The pipeline was never the issue, the loading of ships was the issue. |
After the approval of the three-year federal budget law, there were several articles related to the commitment of the Kurdistan Regional Government, but did not comply and only handed over about 399 billion of non-oil revenue, which was more than four trillion Delivery of 90,000 barrels of oil for six months, which was later suspended. The parliamentarians say that despite the non-compliance of the Kurdistan Regional Government, the federal government has tried to solve the problems, including by allocating three loans last year worth more than two trillion dinars, which they call illegal. The Shiite lawmakers said they would suspend their participation in parliamentary sessions until the Federal Supreme Court decides on the approval of the three bills, which include a general amnesty, personal status amendments and the return of land to their owners. The number of Shiite MPs is about 20. |
A number of Iraqi Shiite lawmakers have called for no money to be spent on the Kurdistan Region without the delivery of oil. They say they will question Taif Samihttps://x.com/rudawkurdish/status/1883078697554751551?s=46 |
The buyers will be building a great deal of transport infrastructure |
Has anyone confirmed they can go alone on the pipeline?Who actually owns the pipe? |
The $25 Billion Cost of Iraq’s Oil Deadlock
By Julianne Geiger - Jan 23, 2025, 12:00 PM CST
The delayed approval of a $16-per-barrel production fee has prolonged the shutdown of Kurdistan’s oil pipeline to Turkey’s Ceyhan port, costing $25 billion over 22 months.
The impasse hinders Iraq’s ability to meet OPEC+ obligations while maximizing revenue, putting Baghdad in a political and economic bind.
Despite Turkey’s claim that the pipeline is operational, political negotiations and power struggles continue to delay resumption of oil exports.
Pipeline
In a twist that is perhaps surprising even for the labyrinth of Iraqi politics, the Kurdistan Regional Government (KRG) has found itself blindsided by a delayed parliamentary vote on oil production costs. Despite earlier agreements, the Iraqi parliament opted to hit the brakes on approving the $16-per-barrel production and transport fee proposed in November, throwing yet another wrench into a pipeline that’s been as dormant as the region’s export ambitions for almost two years.
KRG Prime Minister Masrour Barzani, fresh from rubbing elbows at Davos, lamented the unexpected development, saying, “I was very surprised.” One assumes his surprise was mildly tempered by the region’s long history of political chess moves masquerading as negotiations.
This delay is the latest in a costly deadlock over the key oil pipeline linking Kurdistan to Turkey’s Ceyhan port, capable of moving 500,000 barrels per day.
That’s no small amount of change.
OPEC+ May Be Facing Long-Term Production Cuts
At today’s Brent crude price of roughly $75, the shut-in barrels equate to $37.5 million in forgone revenue daily. For context, over the 22-month shutdown (approximately 660 days), that’s a jaw-dropping $25 billion loss.
With stakes as high as these, haggling over $16 per barrel seems less like fiscal prudence and more like a power struggle.
For the federal government in Baghdad, this prolonged impasse presents an additional conundrum: reconciling obligations under OPEC+ with its inability to maximize output. Restarting the pipeline would undoubtedly bolster national revenues. But it might also breach production caps under OPEC, landing Iraq between a rock and a hard place.
Turkey insists the pipeline is operational, citing earthquake repairs completed long ago, but the blame game continues. The question isn’t just when this gridlock will end, but how much revenue both governments can afford to lose before the region’s most lucrative resource flows freely again.
By Julianne Geiger for Oilprice.com |
Iraq revives oil production from 20 wells in Kirkuk: Source
Economy
Kirkuk
Nineveh
Oil Production
NOC
Iraq revives oil production from 20 wells in Kirkuk: Source
2025-01-24 09:17
Font
Shafaq News/ Iraq's Jambur oil field in Kirkuk has resumed production from 20 wells, while an Angolan company signed a contract to drill 13 wells in the Qayyarah oil field of Nineveh Province, a source from the North Oil Company (NOC) reported on Friday.
The source told Shafaq News, “The NOC has launched field development projects to enhance production in its Kirkuk fields. Technical and engineering teams successfully restored 20 wells in the Jambur field that had been inactive for years, adding around 10,000 barrels per day (bpd) to output.”
“Currently, production ranges from 300,000 to 350,000 bpd, down from 500,000 to 750,000 bpd about 13 years ago.”
Notably, the Jambur oil field is located northeast of Kirkuk, parallel to the Kirkuk and Bai Hassan fields, and has been in production since August 1959.
In a related development, the source noted that “Sonangol, the Angolan operator of the Najmah and Qayyarah fields in Nineveh, has signed a contract with Iraq Drilling Company (IDC) to drill 10 development wells, along with three optional appraisal wells in the Qayyarah field.”
The Arab Well Logging and Well Services Company (AWLCO) also participated in the turnkey contract. All parties are committed to completing the project within the set timeline, which is expected to increase Qayyarah's production to 15,000 bpd.
In December 2009, Iraq’s Ministry of Oil signed two preliminary agreements with Sonangol to develop the Qayyarah and Najmah fields. The company secured the contracts by proposing fees of $6 per barrel with a production target of 110,000 bpd for Najmah, and $5 per barrel with a target of 120,000 bpd for Qayyarah. |
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