#gkp #gkptakeover Stay bonus or completion bonus?Whichever one it is .. @Gulf_Keystone are paying it this week ?Anybody selling 1 share,needs urgently to seek psychiatric assistance.FILL??https://x.com/111notout1/status/1883244892249559255?s=61&t=EEAJRmerpfLiAmForyb8Dw |
#gkp #gkptakeoverBuyback program still not buying ... ðð"Following launch on 8 October 2024, the Companyâs current share buyback programme of up to $10 million remains ongoing"ð𤣠|
milliecusto = troll |
Nothing getting lined up, quite the opposite |
I hear that the BBC are auditioning in Baghdad for the next series o Traitors. |
#gkp #gkptakeoverBuyback program still not buying ... ðð"Following launch on 8 October 2024, the Companyâs current share buyback programme of up to $10 million remains ongoing"ð𤣠|
#gkp #gkptakeover Stay bonus or completion bonus?Whichever one it is .. @Gulf_Keystone are paying it this week ?Anybody selling 1 share,needs urgently to seek psychiatric assistance.FILL??https://x.com/111notout1/status/1883244892249559255?s=61&t=EEAJRmerpfLiAmForyb8Dw |
KRG - "The federal government is attempting to sign oil and gas contracts without following the very clear requirements of the Constitution, including Articles 140 and 112."
"Sherwan Dubardani, a KDP MP, asserted that any oil and gas contracts in Kirkuk without the consent of the KRG are "illegal."
So.
For nine years the Federal Government dragged Turkey through the international courts wrongly claiming that Turkey was illegally exporting 400k bpd of Kurdish oil because it was illegally produced in contravention of the constitution.
Are they now going to ask Turkey and the Kurds to export 1 million bpd of Kirkuk oil that is to be illegally produced in contravention of the constitution.
What will Turkey and the Kurds say if they are asked I wonder.
What will the Daily Mail say if it's brought to their attention that BP have knowingly signed a contract with the Government of Iraq that is illegal under the Iraqi Constitution. |
#gkp #gkptakeover
Buyback program still not buying ... 🙂🙃
"Following launch on 8 October 2024, the Company’s current share buyback programme of up to $10 million remains ongoing"😇29315; |
beernut
It just might be a little difficult to appeal against a ruling that declared production sharing contracts legal whilst signing such a contract with BP. |
Morning all.
Anyone any idea if the 30 days has elapsed for the Iraq government to argue against the the court ruling krg contracts legal. |
I think everything is lining up perfectly behind the scenes. Talk is just talk. The real action is progressing at pace imo.
(Thanks to all the news guys on here, as always.) |
 "British Petroleum (BP) has signed a significant agreement with Iraq’s Federal Oil Ministry to operate five oil fields in Kirkuk. The agreement was signed on Jan. 14, 2025, in London by BP and Iraqi Prime Minister Mohammed Shia al-Sudani.
It includes a production-sharing clause, permitting BP to receive a portion of production revenue, as well as monetary compensation.
BP’s goal is to increase Kirkuk’s oil production from the current 250,000-300,000 barrels per day (bpd) to one million bpd."
Four things there.
a) - The contract has not been signed yet, this is what was signed in London:-
"BP’s board chairman, Helge Lund, and Iraq Prime Minister Mohammed Shia Al-Sudani were among those in attendance at Tuesday evening’s meeting in London, where the two sides signed the majority of commercial terms, BP said Wednesday.
“The teams will now work to define the remaining detail, ahead of a fully-termed agreement” in 2025, a BP spokesperson said in a statement."
b) - So the deal contains a "production sharing element". For 19 years the Federal Government have maintained that the Kurdish PSCs were unconstitutional because the oil "belongs to all the people of Iraq" and that foreign oil companies were therefore not allowed ownership of Iraqi oil. They have now decided that production sharing contracts are constitutional and legal after all.
For 19 years PSCs have been illegal in Iraq until the Federal Government needed to sign one themselves.
We are told that APIKUR have put in a claim for $25 billion compensation due to the pipeline closure after the Appeals Court ruled the PSCs legal, if they claimed for all the losses they've suffered since 2005 then there's the Federal Government's admission of guilt right there.
c) - The plan is to increase production to 1 million bpd with no export route and according to al-Ghani:-
Al-Ghani - "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 and will increase production to 500kbpd, the oil will be sold to local refineries".
So local refineries are now expected to absorb not 500k bpd but 1 million bpd.
"Al-Jazeera - Why is oil-rich Kirkuk so poor?
The price of Kirkuk crude oil sold to local buyers in Iraq is around $30-$40 per barrel, which is much lower than the international price. This is because producers have been selling at a discount since the pipeline was closed. The price of Kirkuk crude oil sold to local buyers is about half the global price."
d)- The KRG have correctly pointed out that under the Constitution that deal is illegal because it's in a disputed territory and the Federal Government don't have the right to make unilateral decisions without including the Kurds, while at the same time the Federal Government will need the Kurds on board if BP are to export that oil.
Interesting times. |
Best guess amendment vote Sunday 2nd BP Kirkuk contract signed 1st week in Feb! All very convenient! |
I wonder if a FDP/NEW CPR exists for "Greater Shaikan"?
Interesting times afoot imo. |
Yes the "FDP" reveal should be interesting.But will GKP still be operator at that time?
There in lies the puzzle.The evidence says NO.
Yes the massive "GAS" resource is nowhere to be seen----YET.
GLA. |
ERBIL (Kurdistan24) British Petroleum (BP) has signed a significant agreement with Iraq's Federal Oil Ministry to operate five oil fields in Kirkuk, targeting to raise production to one million barrels per day.While this deal has the capacity to strengthen Iraq's oil exports, it has also caused alarm about the long-term sustainability of Kirkuk's oil reserves and field management.Agreement OverviewThe agreement was signed on Jan. 14, 2025, in London by BP and Iraqi Prime Minister Mohammed Shia al-Sudani.It includes a production-sharing clause, permitting BP to receive a portion of production revenue, as well as monetary compensation.According to Sirwan Mustafa, an oil industry expert, the contract indicates a change from simple operational arrangements to deeper involvement by BP in managing the fields.BP's goal is to increase Kirkuk's oil production from the current 250,000-300,000 barrels per day (bpd) to one million bpd. However, this ambitious target has fueled concerns among experts and local officials.Security Measures and ChallengesThe agreement comes with boosted security measures in Kirkuk's Sargaran area, as the Iraqi army has increased its presence to protect BP workers.However, Jadat Jihad, a military expert, emphasized the persistent ISIS threats in the region. He noted that past security concerns have forced foreign companies to halt operations, underlining the significance of maintaining a secure environment for BP's activities.Sustainability and Reservoir ManagementIndustry experts have raised concerns about the possible repercussions of rapidly increasing production.Accelerating oil extraction without cautious reservoir management could damage the fields and deplete reserves prematurely, jeopardizing long-term production."Increasing production at such a rate raises serious questions about the sustainability of these fields," Mustafa warned, stressing the necessity for balanced reservoir management strategies.Local Concerns and BenefitsLocal officials in Kirkuk have expressed uncertainty about the contract's specific terms, especially in terms of benefits for the local population.While the agreement could create jobs and contribute to Iraq's economy, stakeholders in Kirkuk are concerned about being excluded from the potential economic gains.The BP agreement indicates the economic potential of Kirkuk's oil fields but also reveals considerable technical, security, and social challenges.While the deal is anticipated to engender significant revenue for Iraq, the long-term health of Kirkuk's oil infrastructure and its impact on the local community remain pressing concerns.As BP begins its operations under this agreement, the balance between economic gains and sustainable management will be closely watched by both regional stakeholders and international industry observers. |
So far as I know Beernut the gas has never been included in any brokers valuation because it is not referenced in the last CPR. Which is what they are all using for valuation purposes currently. Yes its a farce which is why of course LTH are still here . |
Turkish FM Hakan Fidan Visits Iraq to Strengthen Bilateral Ties
A key focus of the discussions will be strategies to tackle the shared security challenges posed by the Kurdistan Workers' Party (PKK), which both countries have identified as a considerable threat.
1 hour ago
Turkish Foreign Minister Hakan Fidan. (Photo: AP)Turkish Foreign Minister Hakan Fidan. (Photo: AP)
Iraq
Hakan Fidan
Turkish FM
Baghdad Visit
PKK
Turkey-Iraq Agreement
Jan. 26, 2025
ERBIL (Kurdistan24) - Turkish Foreign Minister Hakan Fidan is scheduled to arrive in Iraq on Sunday for an official visit aimed at enhancing bilateral cooperation across multiple sectors, focusing on security, economic partnerships, and regional developments.
Strengthening Bilateral Security Coordination
As part of his second visit to Iraq since assuming office in June 2023, Turkish Foreign Minister Hakan Fidan seeks to strengthen ties between Ankara and Baghdad, especially in the areas of security and intelligence coordination.
A key focus of the discussions will be strategies to tackle the shared security challenges posed by the Kurdistan Workers' Party (PKK), which both countries have identified as a considerable threat.
Fidan’s visit underlines Turkey’s commitment to working closely with Iraq in countering terrorism and ensuring stability in the region.
Economic and Resource Cooperation
Additionally, the talks are set to discuss enhanced economic cooperation, especially in trade, energy, and water resources.
This includes the follow-up on the implementation of the 27 agreements and memoranda of understanding signed during Turkish President Recep Tayyip Erdogan’s visit to Baghdad and Erbil in April 2024.
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 stands out as a central initiative to address shared water management issues between the two nations.
Fidan’s visit reflects Turkey’s focus on reinforcing its economic ties with Iraq, an important partner in the region.
Regional Developments and the "Development Road" Project
The discussions will also cover regional developments, especially the situation in Syria, where both countries have a direct interest in maintaining stability.
Moreover, Fidan will discuss the “Development Road” project, a grand initiative aimed at improving connectivity and trade by linking Iraq and Turkey.
A Commitment to Deepening Partnerships
This visit highlights the commitment of both Turkey and Iraq to promoting stronger ties, building on existing agreements, and discussing shared challenges.
By prioritizing security, economic collaboration, and regional stability, both countries intend to boost their strategic partnership in the Middle East. |
SOURCE: Baghdad to host high-stakes talks on regional and internal disputes
Iraq
Syria
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Federal Government
Kurdistan Regional Government
Syrian Democratic Forces (SDF)
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SOURCE: Baghdad to host high-stakes talks on regional and internal disputes
2025-01-25 12:31
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Shafaq News/ Iraq's capital is set to play a pivotal role in mediating major internal disputes between the federal government and the Kurdistan Regional Government (KRG), as well as addressing broader regional challenges involving Turkiye, Syria, and the Syrian Democratic Forces (SDF), sources told Shafaq News.
Sources familiar with the matter told Shafaq News that the United States has endorsed Iraq's role in these mediation efforts, signaling its support for Baghdad to lead initiatives aimed at resolving disputes and enhancing regional stability with backing from international partners.
The upcoming meetings, expected to take place within the next two weeks, will gather senior leaders and officials from Iraq, the KRG, Turkiye, and Syria to address a range of political, economic, and security issues.
“Baghdad will act as a neutral mediator in these discussions, aiming to resolve longstanding disagreements.”; The sources said.
Internal Disputes
According to one source, the talks will address unresolved issues between Baghdad and the KRG, focusing on oil revenues, budget allocations, and governance in disputed areas.
Representatives from both sides will include Iraq’s Foreign Minister Fuad Hussein, intelligence chief Hamid al-Shatri, and senior figures from the KRG, including a prominent leader from the Kurdistan Democratic Party (KDP).
“Discussions will aim to bridge differences over oil exports, particularly related to financial penalties imposed on Turkiye over the use of the Ceyhan port for exporting KRG and Kirkuk oil.”
Regional Mediation
Iraq will also mediate talks involving Turkiye, Syria, and the SDF.
Another source told our agency that Syrian Foreign Minister Assaad al-Shibani, Turkish Foreign Minister Hakan Fidan, and SDF commander Mazloum Abdi are expected to attend the discussions in Baghdad.
The agenda for these regional talks includes:
- SDF-Controlled Prisons: Addressing the status of prisons in northeastern Syria holding thousands of ISIS detainees. Iraq seeks to repatriate foreign ISIS fighters to their home countries under conditions requiring them to complete their sentences and take responsibility for their families currently in Al-Hol camp.
- Cross-Border Security: Discussing Turkish military operations in northern Syria and their impact on the security of the Kurdistan Region.
- Trade Relations: Enhancing trade between Iraq, Turkiye, and Syria as part of efforts to boost economic ties.
“Baghdad Dialogue” Summit in February
A third source revealed to Shafaq News that the mediation efforts will culminate in a larger "Baghdad Dialogue" summit in February, which aims to address broader regional challenges, including Syria’s transition to a post-Assad government.
Invitations are expected to be extended to key stakeholders, including Gulf states, Turkiye, Iran, Jordan, Yemen, Russia, and the United States.
“The summit will focus on rebuilding Syria, forming an inclusive government, and restoring stability in a way that benefits Iraq and neighboring countries.” The source said. |
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