 Rudaw Digital The Iraqi government has submitted a bill to parliament to receive $16 per barrel of oil from the Kurdistan Region, the Iraqi Oil Minister said. He said the Kurdistan Region must deliver at least 250,000 to 300,000 barrels of oil per day. "The Iraqi government has sent a bill to parliament, which is currently under consideration, which is related to receiving oil from the Kurdistan Region and paying $ 16 per barrel as a sulfur," Oil Minister Hayan Abdul Ghani told official Iraqi media on Monday ." "This loan will continue until the real costs of investing in gas in the Kurdistan Region's fields, which are used for oil production, are reviewed," he said. In return, the Kurdistan Region must deliver at least 250,000 to 300,000 barrels of oil per day for export through the Iraqi Oil Marketing Company (SOMO). "Oil prices are between $70 and $80 a barrel. We hope to stay at this level or rise slightly in order to provide the necessary financial resources for the Iraqi state budget," Abdul Ghani said. Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein told Rudaw's Ziad Ismail in Baghdad on the Kurdistan Regional Government (KRG) oil issue between the oil companies, the Kurdistan Regional Government and the Federal Government "We sent it to parliament to amend the budget law. If this text is approved, it means that the budget will change and oil can be exported again. The budget amendment bill, which had been read in the first and second readings, was blocked by Shiite lawmakers in the lower Iraqi provinces and was not voted on. "Unfortunately, there was a disagreement in the last session of parliament. I had a meeting with Prime Minister Mohammed Shia Sudani today. We discussed this issue and the prime minister will soon meet with all faction leaders to reach an agreement before the session," Hussein said If this text is included in the budget law, then the oil of the Kurdistan Region will be exported again" "I told him that it is related to the budget law. If the parliament votes on it, then the oil will be exported again," he said ". |
Everyone wants the same things.
Dollars and Oil. |
Looks very encouraging indeed |
Duplicate post sorry Kev 🤭
hxxps://x.com/john78846295/status/1883979267685638316
Iraqi Deputy PM hopes Iraqi parliament will approve text previously agreed between IOCs, #Kurdistan Regional Government and federal government, to resume #oil exports through the pipeline, in the next session.
john
@john78846295
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hxxps://x.com/john78846295/status/1883979267685638316
17m
"Unfortunately, there was a disagreement in the last session of parliament. I had a meeting with Prime Minister Sudani today. We discussed this issue and the prime minister will meet with all the faction leaders soon." |
Unfortunately, there was a disagreement in the last session of parliament. I had a meeting with Prime Minister Sudani today. We discussed this issue and the prime minister will meet with all the faction leaders soon."https://x.com/john78846295/status/1883979619264782700 |
Iraqi Deputy PM hopes Iraqi parliament will approve text previously agreed between IOCs, #Kurdistan Regional Government and federal government, to resume #oil exports through the pipeline, in the next session. https://x.com/john78846295/status/1883979267685638316 |
https://x.com/rudawkurdish/status/1883949351921410297?s=46 |
Rudaw Digital Fuad Hussein told Rudaw that he had discussed the resumption of Kurdistan oil exports with Turkish Foreign Minister Hakan Fidan. He also mentioned a meeting on the salaries and budget of the Kurdistan Region. "We will meet with the Iraqi Finance Ministry and the Kurdistan Regional Government (KRG) delegation in Baghdad next Friday to discuss the financial issues between Erbil and Baghdad," Iraqi Foreign Minister and Deputy Prime Minister for Economic Affairs Fuad Hussein told Rudaw. "The next meeting will be with the leaders of the parliamentary factions to amend the budget law and export Kurdistan oil," Hussein said. Updated... |
Well about 1/2 a million quids worth half his salary.... So that first lot was about 125,000 quids worth.. The important point is that, it's now a done deal.... Buyers would not have sanctioned actioning the stay bonus. It's effectively also a 'completion " bonus.Fill yer boots...... |
Was it not 600000 shares? Or have I misread before. Not bad work if you can get it. |
So what part of this has not been paid, do you know what his salary is ?
The proposed amendment is to allow for a one-off award to the CEO.
The award will be equivalent to 100% of his current base salary and
will be payable in January 2025, 50% in cash and 50% in shares,
provided he is still in employment (and not under notice) at that time |
#gkp#gkptakeoverExpect further RNS re CEO holdings this week.This formed only part of the award...https://x.com/GoodnightCharl1/status/1883920901596667955?t=x39TTZQLnn8IttQwcG5eqg&s=19 |
Looks like the market doesn't think that this impasse will be sorted soon. But holding on as September isn't that far away. Well that's my feeling anyway. |
It's only part of his bonus, more to follow |
That is not a large enough award..... |
300k less oil per day from Rumaila whilst they deal with the fallout from the fire https://x.com/goldsheet/status/1883910980662358439?s=46 |
The board know what the shares are going to be worth.....soon. |
RNS.
Director / PDMR Shareholding
Gulf Keystone announces that it was informed on 24 January 2025 of the following transaction related to persons discharging managerial responsibilities ("PDMR").
Mr Jon Harris, Chief Executive Officer, was granted 80,771 common shares in the Company as part of the share element of his one-off retention award approved by shareholders at the 2024 Annual General Meeting. To satisfy the award, market purchases were made through the Company’s Employee Benefit Trust on 24 January 2025. Following the award, Mr Harris owns 110,771 common shares in the Company representing 0.05% of the issued share capital. |
Nicely poised under the rising channel. |
Full article. Today, Monday (January 27, 2025), the representative of the Al-Fatah Alliance, Mukhtar Al-Moussawi, confirmed that there is a parliamentary consensus to pass the amendment to the budget law during the upcoming legislative sessions.Al-Moussawi told Baghdad Today that "there is a parliamentary agreement to pass the budget law during the upcoming sessions," noting that "there are political agreements as well as an agreement between Baghdad and Erbil on this amendment, and that the parliamentary finance committee's meetings are continuing to agree on the final amendment formula."He explained that "the House of Representatives supports any agreement between Baghdad and Erbil, and we do not want the House to be a reason for obstructing negotiations and solutions."On Thursday, January 23, 2025, the federal government denied what was announced by the spokesman for the Kurdistan Regional Government, regarding submitting a proposal that differs from the Council of Ministers' amendment to the financial budget law to the House of Representatives.Government spokesman Bassem Al-Awadi said in a statement received by Baghdad Today: "Based on the government's keenness on transparency and disclosure to citizens of the progress of its executive work, especially with regard to the budget issue, which is a fundamental pillar for implementing the obligations contained in the government program, we affirm the government's commitment to the amendments sent to the House of Representatives regarding the budget law, which takes into account the supreme national interest, and we stress that the government's representative in the House of Representatives stressed the necessity of not making any other amendments to the budget law that contradict the texts submitted by the Council of Ministers."He added, "At the same time, we deny what was stated in the statement of the spokesman for the Kurdistan Regional Government of Iraq, and we are surprised by what was stated in it regarding the claim that the representative of the federal government in the House of Representatives obstructed the amendment of the article related to the procedures for resuming oil exports from the region."Al-Awadi stressed "the importance of the Kurdistan Regional Government's commitment to the provisions of the Federal General Budget Law, including the delivery of financial revenues, whether oil or non-oil, to the federal government, in accordance with what is stipulated in the law and the decision of the Federal Court."He explained that "adherence to these procedures is a necessary step to resolve the problems related to this file and enhance cooperation between the two sides, and the federal government hopes that the House of Representatives will expedite the approval of the amendment in accordance with the text approved by the Council of Ministers, for the benefit of Iraq, all of Iraq."The spokesman for the Kurdistan Regional Government said in a statement earlier today that "after a series of meetings and persistent efforts aimed at amending the federal general budget law by the Council of Representatives with the aim of resuming the export of the region's oil, and after completing the first and second readings, unfortunately, the draft law was not approved in the agreed-upon form at the last minute."He pointed out that, "What increased our surprise was that the representative of the federal government in the House of Representatives submitted a different proposal to the Council unilaterally, without prior consultation with the Kurdistan Regional Government, and without presenting it to the Federal Council of Ministers for a vote, which contradicts the previous decision of the Council of Ministers regarding the approval of the draft law amendment for the purpose of resuming the export of oil from the Kurdistan Region."The Kurdistan Regional Government spokesman stressed that "such attempts only serve to harm Iraq, and contribute to deepening crises instead of finding effective solutions to them. Accordingly, we declare our complete rejection of these measures and proposals, and we emphasize the necessity of presenting the agreed-upon draft law and its approval by the Federal Council of Ministers and voting on it." |
https://x.com/john78846295/status/1883864801518178702 There are political agreements as well as an agreement between Baghdad & Erbil on this amendment, and that the parliamentary finance committee's meetings are continuing to agree on the final amendment formula." |
https://x.com/john78846295/status/1883864715543322986 Budget amendment vote coming soon....Representative of Al-Fatah Alliance: "there is parliamentary agreement to pass the budget law during upcoming sessions" |
Snooker loopy nuts are weMe and him and them and meWe'll show you what we can doWith a load of balls and a snooker cuePot the reds then screw it backFor the yellow, green, brown, blue, pink and blackSnooker loopy nuts are weWe're all snooker loopy |
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