Kev and Habs .........great find. High Noon?? |
Thanks Kev, good work.
"Iraq’s political leaders will meet in Baghdad tonight at the residence of Prime Minister Mohammed Shia al-Sudani to discuss amendments to the budget law. The meeting will bring together the Speaker of Parliament, lawmakers, and representatives from Shiite, Sunni, and Kurdish factions, reports Zoom News' Akam Fahmi from Baghdad." |
https://x.com/john78846295/status/1884647910547042759 High level meeting with political leaders hosted by Iraqi PM tonight to discuss amendments to the budget law. |
Bob. September is a blink of an eye away in the scheme of things. The ICG need to come up with something very quickly IMO. The KRG will have a plan B all ready mapped out. It may even be their plan A. So let's see. Brinksmanship appears to be the norm out there so I'm not expecting any breakthrough very soon. |
It's supercalifragilisticexpialidociousEven though the sound of it is something quite atrociousIf you say it loud enough you'll always sound precociousSupercalifragilisticexpialidociousUm-dittle-ittl-um-dittle-IUm-dittle-ittl-um-dittle-IUm-dittle-ittl-um-dittle-IUm-dittle-ittl-um-dittle-I |
I see that Queen lemming sarah is extremely agitated by posts that don't agree with her views. Just as RW was prone to do!! And none of his views or predictions ever became fact.
All the points she is labouring to put across will result in fekk all if and when Turkey and Baghdad decide to sort out their issues, Erbil will have very little influence on the outcome. Erbil is broke, owes $billions and is reliant on Baghdad for money. Money that can be stopped at a moments notice as history has proved.
The Kirkuk oil that BP have been/will be tasked with ramping up will be able, in a fairly short time, to fill the pipeline which could then mean no Kurd oil gets to use it. But Erbil will still be required to pass the oil produced in Kurdistan to SOMO in order to get receive the budget.
Btw, have any of you delusional suckers bothered to find out who actually paid for and owns the Pumping/Monitoring Station at FK that all oil passes through:-) |
#gkp #gkptakeoverWhat's buyback program real purpose?1. Allow@PeelHuntsit on book + put floor under share price deterring bad actors?2. To kick in once some condns met - drive share price north nearer T/O price ? 20+ minm3. Other?Sure hasn't been to reduce capital ...so far ?HTTPS://x.com/ChicagoJack5/status/1884565109457961048 |
Ultimately I think that the roads generally point towards this getting sorted. Lots of chat from all sides saying it needs to get done. Will just have to wait for them to stop throwing handbags at each other and get on with it. My prediction is definitely a resolution before September. |
Quite nice to have the threat of BP pulling out to focus minds |
https://x.com/pukmedia/status/1884555039529636054 The Iraqi parliament is set to vote on an amendment to the federal budget law, paving the way for stronger cooperation between the federal gov. & KRG on oil management. PUK bloc Leader told #PUKMEDIA that PUK supports the amendment to enhance transparency & boost state revenue. |
 Deputy Minister of Natural Resources: We are ready to export oil if the parties agree
Rudaw - Baghdad
The Iraqi Energy Conference continues in Baghdad with the participation of Rudaw. On Tuesday and Wednesday, 14 panels will discuss issues related to the energy sector, including the issue of non-export of oil from the Kurdistan Region.
"We are technically ready to resume oil exports whenever all parties agree," said Ahmad Mufti, deputy minister of natural resources.
According to the Iraqi Oil Ministry, along with efforts to pass the budget amendment, which is considered a blind spot for the export of Kurdistan oil, the work of the joint committee of the Ministry of Oil and the Ministry of Natural Resources continues.
"There is a committee at the level of agents of both ministries to resolve some of the outstanding issues, the most important of which is to know and convey the technical data that the Kurdistan Region and foreign investment companies have in the Kurdistan Region," he said The federal government and the federal oil ministry, so that I can go into the details and the type of it contracts, to be resolved and adapt these contracts to comply with applicable laws."
The agreement between Erbil and Baghdad and the oil companies led to a budget amendment bill, but it was removed from the agenda in the past two sessions of parliament due to tensions.
Along with domestic and international efforts to re-export Kurdistan oil, Iraq's efforts to increase its own oil exports, for Kurdish politicians is a wind and two winds, that Baghdad is killing time, adding days to the days of preventing Kurdistan oil exports. |
It is quite clear that no formal contract has been signed by BP. There is currently an MOU which will be firmed up by something being signed at the start of February - note no date given.
What this means is that until the problems between Iraq and the KRG are sorted BP won't be signing anything. This is why there seems to be some urgency from various parties to get the pipeline issue sorted before the end of this month. |
#gkp #gkptakeover
What's buyback program real purpose?
1. Allow
@PeelHunt
sit on book + put floor under share price deterring bad actors?
2. To kick in once some condns met - drive share price north nearer T/O price £ 20+ minm
3. Other?
Sure hasn't been to reduce capital ...so far 😉 |
The 50,000 bought at 154.50 may be for CEOHe needs about 70/75 k more to fulfil the share element of the stay bonus |
The 50,000 bought at 154.50 may be for CEOHe needs about 70/75 k more to fulfil the share element of the stay bonus |
Hence the knickers down prior |
#GKP #gkptakeoverPremium at sale huge so CEO incentive to stay 150 k shares = millions £Conversely at bottom of pile the Kurd workforce, are being prevented from receiving an Instant windfall, though AGM resn to defer and split their reward over 3 years in arrears. |
#gkp #gkptakeoverCEO stay bonus was prerequisite for buyers 'comfort'Fact it now actioned = DEAL is inked.Whenever you ready @HSFlegal, ?? |
IF they have signed a formal Contract with BP then they have agreed to open the pipeline.
IMO |
#GKP #gkptakeover @Gulf_Keystone CEO balance "stay award" RNS this week .Another 75,000 shares or so.Deal is clearly done.RNS within days ?or will buyback actually start ? Narrowing huge gap between current mcap and takeover consideration?Whatever it's now 100% SOLD TBA |
 Bp beginning of first week
(BP) signs early February contract to increase production at 4 northern fields
Economy 23-01-2025, 19:22
+A -A
Baghdad - INA
Deputy Prime Minister and Minister of Oil Hayan Abdul Ghani confirmed today, Thursday, the intention to sign a contract with British Petroleum (BP) to invest in 4 northern fields to increase production and benefit from associated gas, while specifying the extent of the contract's impact on production plans.
Abdul Ghani said in a statement to the Iraqi News Agency (INA): "In the British capital, London, an initial agreement was reached between the North Oil Company and British Petroleum to sign a contract to develop the four fields affiliated with the company," noting that "these fields now produce more than 300,000 barrels per day."
He added that "the agreement with British Petroleum stipulates increasing production to more than 500,000 barrels per day and benefiting from associated gas and investing in it and converting it into dry gas for use in operating power plants."
He explained that "the signing will be at the beginning of the first week of February."
Abdul Ghani explained that "Iraq needs quantities of gas to equip the stations, and the Ministry of Oil is serious about that through many projects that it signed with specialized companies such as the French company Total to invest 600 million cubic feet of gas from 5 oil fields, in addition to the Akkas field and the Mansouriya field, and the fifth licensing round, in addition to what the Basra Gas Company is doing, which is a joint venture between the South Gas Company and Shell and Mitsubishi companies to develop and invest gas from three main fields: Rumaila, Zubair, and West Qurna |
Iraqi Parliament studies proposal to obtain Iraqi Kurdistan’s oil
IRAQ Amr Salem January 28, 2025 484 4 min
Iraqi Parliament studies proposal to obtain Iraqi Kurdistan’s oil
Workers at Tawke oil field in Iraqi Kurdistan. Photo: AFP/Getty Images
Baghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan Abdul-Ghani, revealed on Monday that draft legislation on the delivery of oil produced in Iraq’s Kurdistan region and the advance payment of $16 per barrel has been submitted to the Iraqi Parliament.
In a statement to the Iraqi News Agency (INA), Abdul-Ghani explained that until the actual costs of gas development activities from oilfields in the Kurdistan region of Iraq are reexamined, Iraqi Kurdistan will deliver at least 250,000 to 300,000 barrels of oil per day to be exported through the State Organization for Marketing of Oil (SOMO).
“In order to supply the required financial resources for the nation’s budget, we expect that oil prices, which now range between $70-80 per barrel, will either stay within these ranges or slightly rise, Abdul-Ghani added.
Last November, the Parliamentary Finance Committee and Abdul-Ghani discussed the latest agreements to resolve a dispute related to oil exports between the federal government in Baghdad and the Kurdistan Regional Government (KRG) as well as the main technical challenges to resume oil exports from Iraqi Kurdistan.
The meeting aimed to settle the conflict between Baghdad and Erbil, address unresolved issues in line with the Iraqi constitution, and advance a final agreement to resume oil exports from Iraqi Kurdistan via the Turkish port of Ceyhan.
The Iraqi cabinet decided earlier in November to immediately start delivering oil produced in the Kurdistan region of Iraq to SOMO or to the Oil Ministry in Baghdad.
The Iraqi Ministry of Finance will compensate the KRG for the production and transportation costs of the oil produced in northern Iraq and delivered to SOMO, or the Oil Ministry.
Before a final settlement takes place, the federal government’s finance ministry will pay $16 per barrel until a specialized technical consulting committee has finished calculating fair expenses.
The acting minister of natural resources in the KRG, Kamal Mohammed, said in July that Iraqi Kurdistan is waiting for Baghdad to agree with international oil firms to resume its oil exports.
Mohammed explained that the resumption of oil exports is related to the expense of oil production in the Kurdistan region of Iraq, Rudaw News reported.
Oil companies operating in the oil sector in Iraqi Kurdistan rejected Baghdad’s allocation of 8,960 dinars (about $6.9).
Talks to resume oil shipments have stumbled, and since March 2023, crude oil flows along the Iraq-Turkey oil pipeline, which formerly handled around 0.5 percent of the world’s oil supply, have been suspended due to legal and financial uncertainty.
One of the main sources of conflict between the federal government in Baghdad and the KRG is the distribution of oil revenues.
After the International Chamber of Commerce (ICC) in Paris decided in March 2023 that Ankara had broken a 1973 treaty by enabling oil exports without the federal government’s approval, flows via the Iraq-Turkey oil pipeline stopped. |
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