Expecting a further JH holding RNS. . He is in place for 12 months now , the buyers required this contractually in place.Likewise Resn that deferred the local workforce windfall for 3 years in arrears , all part of the post acquisition transition planning.Fill yer boots .The most flagged takeover in history |
 "You agree with my view that it is perfectly feasible that discussions have already taken place about extending/renegotiating the ITP contract. Which would of course render yours and the rest of the gullible suckers here views that Kurdistan would be able to "go their own way" in September null and void!!!"
Three things there Sarah.
a) - The fact that discussions about a new ITP agreement were taking place as long ago as September 2023 is not "your view" it's a FACT and that fact has been known on this board since then as I posted it up at the time.
b) - You've been wittering on for two years or more about Turkey and Iraq being able to renegotiate the ITP agreement and export Kirkuk crude without Kurdish participation. The fact that the THREE way meetings to discuss commercial terms, minimum flowrates, exports from Ceyhan etc. took place in Erbil with the participation of the KRG makes your arguement look rather stupid doesn't it. As I've been CONSTANTLY telling you Kirkuk oil CANNOT be exported without the approval and participation of the Kurds and that's why any renegotiation of the contract needs the Kurds and is why those meetings took place in Erbil.
If Turkey and Baghdad were going to cut the Kurds out of any new pipeline agreement they wouldn't have chosen Erbil to renegotiate the agreement would they.
c) - If the Iraqi parliament are unwilling to meet the demands of APIKUR and the KRG why can't the Kurds and Turkey export Kurdish oil without Baghdad as they did fot NINE years. As there will be no contract between Turkey and Baghdad for the use of the pipeline after September what will Baghdad be able to do to stop it.
It took Baghdad NINE years to stop it when there WAS a contract, what can they do when there ISN'T one.
Do explain. |
gOOD TO KNOW but when is a government not a government?
ANS When it`s in Iraq.
Hussein said that the federal government and the KRG, along with international oil companies (IOCs), have reached a written agreement. He added that Iraq’s Council of Ministers has approved the agreement and sent it to parliament for inclusion in the budget law. |
Dale a tu cuerpo alegría MacarenaQue tu cuerpo es pa' darle alegría y cosa buenaDale a tu cuerpo alegría, MacarenaHey Macarena, ay |
So Queen lemming sarah you agree with my view that it is perfectly feasible that discussions have already taken place about extending/renegotiating the ITP contract. Which would of course render yours and the rest of the gullible suckers here views that Kurdistan would be able to "go their own way" in September null and void!!!
So for you to say you have dismissed it is a total load of bollix!!!
Now, bearing in mind BP will have been given assurances that Kirkuk quality oil will get to Ceyhan that isn't going to leave a great deal of spare capacity for Kurdish oil.
I have been saying for many months that some Kurdish high quality oil could be mixed with the Kirkuk oil in order to achieve Baghdad's premium blend. However, that would leave a lot of Kurdish oil needing new destinations. That could result in no sludge being permitted to mix with the higher quality oil or at best a small percentage. All depends on the quality of oil SOMO will want exported!!! |
From Lse
Written agreement between ICG, KRG and IOC's ----Today 12:30
......Hussein said that the federal government and the KRG, along with international oil companies (IOCs), have reached a written agreement...... |
ME Brothery love . Seems everyone hates Gazans except Jeremy Corbyn types |
Might be the level of backsheesh is higher in the Sth ? |
One big fat brown envelope should sort it |
Thanks Kev.
Two weeks ago:-
"On November 5, 2024, the Iraqi Council of Ministers approved an amendment to Article 12 of the Iraqi budget, raising the cost of oil production from $6 to $16.
APIKUR spokesman Myles Caggins told Channel8 that they have not been officially informed and only learned about the increase from the media."
This morning:-
"APIKUR is actively engaged with both the KRG and the central government in Baghdad to restart oil exports, as reopening the Turkey-Iraq oil pipeline is crucial," Caggins stated during a televised interview with Kurdistan24."
So Baghdad have suddenly realised that this isn't going to happen unless they start talking to APIKUR.
They must REALLY be getting desperate. |
 raq Parliament deadlocked over Kurdistan oil budget dispute
Economy
oil
Kurdistan
Iraqi parliament
budget
Article 12
Iraq Parliament deadlocked over Kurdistan oil budget dispute
2025-01-28 10:21
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Shafaq News/ On Tuesday, Iraqi MP Kazem Al-Fayyad expressed concerns regarding the challenges in passing the amendment to the budget law, describing it as "controversial."
Al-Fayyad told Shafaq News that "there is a division within Parliament concerning the passage of the budget law amendment submitted by the Iraqi government. This amendment has become contentious, making its passage in the upcoming sessions this week or next week difficult."
"Opposition to the budget law amendment comes not only from some independent MPs from the central and southern regions but also from major party bloc members. This has complicated the situation, necessitating comprehensive political understanding and agreement to pass the amendment."
On Sunday, January 19, a parliamentary session broke quorum as MPs left the chamber during a vote on a clause in the federal budget law.
Article 12 of the budget bill includes compensation for the Kurdistan Regional Government (KRG) for production and transportation costs related to oil extraction in the Region.
Earlier today, the Parliamentary Finance Committee announced plans to resume meetings in the coming days to discuss amending Article 12. Committee member Hussein Mu’nis told Shafaq News that the amendment pertains to the costs of producing oil in the Region and overseeing its export mechanisms and financial revenues.
Mu’nis explained that "the budget law calculates the cost of extracting a barrel of oil from Kurdistan at $6, while the amendment submitted by the government estimates the cost at $16 per barrel. This could increase government expenditures for extracting 400,000 bpd from the Region's fields, thereby raising the budget deficit."
Previously, Finance Committee member Jamal Kocher anticipated sending the budget tables in February but noted potential delays in passing the budget due to disputes over Article 12.
Kurdistan Democratic Party (KDP) MP Jayai Timor had earlier stated that "the Iraqi government previously calculated the cost of oil extraction at $6 per barrel, which is very low," noting that "foreign companies operating in oil extraction incur costs reaching $26 per barrel."
In June 2023, the Iraqi Parliament approved a three-year general budget for the fiscal years 2023, 2024, and 2025. This budget, the largest in Iraq's history, was designed to provide a comprehensive financial framework for the mentioned years.
The key figures of the budget include an annual expenditure of approximately $153 billion. The Kurdistan Region was allocated 12.6% of the total budget. However, the execution of this budget has faced challenges due to delays in finalizing key provisions and adjusting budget tables. |
Erbil-Baghdad Collaboration Essential for Oil Pipeline Reopening, Says APIKUR Spokesperson
"APIKUR is actively engaged with both the KRG and the central government in Baghdad to restart oil exports, as reopening the Turkey-Iraq oil pipeline is crucial," Caggins stated during a televised interview with Kurdistan24.
55 minutes ago
Col. Myles Caggins Spokesperson for APIKUR. (Photo: Kurdistan 24)Col. Myles Caggins Spokesperson for APIKUR. (Photo: Kurdistan 24)
Kurdistan
Spokesperson for APIKUR
APIKUR
Colonel Myles Caggins
Jan. 28, 2025
ERBIL (Kurdistan24) - Colonel Myles Caggins, Spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR), announced on Monday that discussions are ongoing between Erbil and Baghdad to resume oil exports from the Kurdistan Region.
"APIKUR is actively engaged with both the Kurdistan Regional Government (KRG) and the central government in Baghdad to restart oil exports, as reopening the Turkey-Iraq oil pipeline is crucial," Caggins stated during a televised interview with Kurdistan24.
The APIKUR spokesperson noted that they are closely monitoring the budget amendment discussions and are hopeful that the parliamentarians will align with the stance of Iraqi Prime Minister Mohammed Shia al-Sudani on the significance of resuming oil exports from the Kurdistan Region.
"Prior to the halt, the region exported approximately 400,000 barrels per day, and resuming operations would benefit all of Iraq," he remarked.
Caggins also highlighted the longstanding presence and investment of oil companies in the Kurdistan Region, which dates back to 2005, amounting to $10 billion in investments. He concluded by noting the significant contribution of about 20,000 foreign employees in the energy and oil sectors of the region. |
https://x.com/K24English/status/1884195985309720828 |
He is in place for 12 months now , the buyers required this contractually in place.Likewise Resn that deferred the local workforce windfall for 3 years in arrears , all part of the post acquisition transition planning.Fill yer boots .The most flagged takeover in history |
https://x.com/john78846295/status/1884181337105654087 Parliamentary Finance Committee will resume its meetings in the coming days to discuss the paragraph on amending Article 12.'I think we're heading for a vote on Sunday |
Re two hundred and eighty by thirty wide
Ghawar net pay is an ave of 60 m .
Shaikan up to 1000 m and that is just the Jurrassic . I did a post showing Shaikan is likely to be prived bigger that Ghawar in net oil Vol at the end if the day . |
https://www.rudaw.net/english/middleeast/iraq/280120251 interesting bit! The Development Road project is planned from southern Iraq to the Turkish border, connecting the Persian Gulf with Turkey. It aims to enhance Iraq's geopolitical position, boost the economy, and create thousands of job opportunities. The route is expected to link Iraq with the European Union via Turkey."We have included in the design of the development road path lines for transporting oil and gas, in addition to communications to achieve the connection between Asia and Europe, and provide investment opportunities," he affirmed. |
BP ( or any INOC) will not agree to ANY contract that may be subject to legal dispute
I imagine they have made that very clear to the ICG / Sudani.
Any such contract is subject to a risk assessment and then approval by their Legal Dept. |
He was paid the stay bonus, as long as he was in posn and not under notice this January.Hence buyers have him for a minm of his notice period.6/12:months not sure which.Its effectively a sale "completion" bonus.I reckon this starts to get exciting now. |
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