Yes,BP entering Kirkuk was a big giveaway and augurs well for other Majors doing the same.
Looking very positive.
Hello seven sisters.
"It's an oilman's dream".
GLA. |
This might very well be over for a couple of reasons.
1) This lot have now finally realised that BP expect the Kurds on board re Kirkuk or they lose the contract.
(2) The Iranians are pre occupied with the threat of Trump sanctions that they know are coming and also suspect he will give the Israeli's a free hand to take out their nuclear sites. So they wont want to provoke the USA even more with this pipeline issue.
IMO |
How are they going to get 1.6m through the pumping/monitoring station and the pipe in Turkey!!!
Drilling and developing the field will depend massively on the terms and conditions.
Will there be any room for sludge in the pipes?
Why would the Majors be interested?
Buy hey Queen lemming sarah you've finally managed to get something correct on who owns the P/M station. But you are ignoring the fact that SOMO will decide what oil goes through it!!!
Spin away queen lemming sarah:-) |
Wow guys, overtime rates tonight. Many thanks to all the great investigations and news posts on this BB, it really is appreciated by investors like me who would be blind without this info.
Maybe THIS time eh ! |
Is this 16 year long nightmare actually coming to an end.
Are we really going to live to see that pipeline full with 1.6 million bpd of crude from Kurdistan and Kirkuk flowing west to the Med.
Are we going to be talking about drilling and developing the field again.
Are we going to see Kurdistan open up to the majors, according to Fuad Hussein BP has already expressed an interest.
Are we going to see Ashti Hawrami's dream of "moving from the small and the beautiful to the large and the magnificent" actually realised at last.
If so "we're gonna need a bigger pipe".
Let's see how Sunday goes first. |
Great posts today, my ISA is feeling a bit frisky again.
SO prediction for tomorrow 165 (only because of hope wear and tear on the false starts)
Post bill pass I'm back with 189+ on Monday.
And a thought on the lack of APIKUR involvement, government aren't able to do any real negotiation until the actual figures are on the table, apart from being a little, ahem, linear, in their planning skills, THEN they can get on with trying to screw over, sorry, negotiate terms with the IOC's. |
 One for the road Habs. https://x.com/IraqiPMO/status/1884708721424543981 Prime Minister Mohammed Shia Al-Sudani hosts a meeting at the government palace with heads of parliamentary blocs, in the presence of Parliament Speaker Mahmoud Al-Mashhadani and his deputies Mohsen Ali Al-Mandalawi and Shakhwan Abdullah.Based on the role of the Federal General Budget Law as a fundamental pillar for implementing the obligations contained in the government program, and in a manner that takes into account the supreme national interest, the latest amendment submitted by the government to the law was discussed, where the Prime Minister confirmed the commitment to this text that addresses the issue of the cost of producing a barrel of oil, which was approved by the Council of Ministers in its forty-fifth session on November 5, and was confirmed in the letter of the government representative in the House of Representatives, No. 15, sent to the House of Representatives on January 23, which is the same text that was voted on within the Parliamentary Finance Committee.His Excellency pointed out the necessity for the House of Representatives to approve this amendment without change, to complete the development plans, in accordance with the economic interest of Iraq, and the vision adopted by the government program approved by the esteemed House of Representatives. |
You've had a busy day Kev, and greatly appreciated.
Fingers crossed for Sunday.
Maybe BP will be signing up next week after all. |
More of the same! https://www.basnews.com/en/babat/873742 ERBIL - Iraq is nearing a breakthrough in resuming oil exports from the Kurdistan Region, as a general understanding was reached in a meeting between Prime Minister Mohammed Shia' al-Sudani and Kurdish parliamentary faction leaders to pass an amendment to the budget law, a senior Kurdish lawmaker said.Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction in the Iraqi parliament, told Kurdistan 24 that Sudani urged faction leaders to support the amendment, which is already in parliament. "There is only a vote left to resume the region's oil exports," she said.Sabri added that Sudani emphasized the economic damage caused by the suspension and called on lawmakers to cooperate in approving the amendment. She said about 200 members of parliament from Kurdish, Sunni, and Shia factions had agreed to the proposal, and a vote is expected to be scheduled for Sunday.Oil exports from the Kurdistan Region have been halted since March 2023 after a Paris-based arbitration court ruled that Turkey had violated a 1973 pipeline agreement by allowing the Kurdistan Regional Government (KRG) to export oil independently since 2014. The suspension has cost the Iraqi treasury an estimated $15 million. |
Article says vote on Sunday! https://www.kurdistan24.net/en/story/822189 ERBIL (Kurdistan24) In a significant step toward economic stability, Iraqi Prime Minister Mohammed Shia al-Sudani has successfully secured parliamentary consensus to advance a crucial budget amendment aimed at resuming oil exports from the Kurdistan Region. Following a meeting on Wednesday with the heads of parliamentary factions, Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction, confirmed that lawmakers had reached an understanding to support the amendment. "The prime minister emphasized the urgent need to restore oil exports to mitigate economic damage, urging all parties to collaborate in passing the government-backed bill," Sabri told Kurdistan24. With broad agreement among Kurdish, Sunni, and Shiite factions, approximately 200 MPs are expected to vote in favor of the amendment on Sunday, marking a potential breakthrough in Iraq's energy and economic sectors. |
A natural feeling but many a slip twixt cup and lip. It`s the vote if it happens that counts. These are very agreeable but slippery people with well entrenched views trying to protect their cause.
Half empty I know but we`ve been here many times. |
https://x.com/viansabri/status/1884686696190455960 Today's meeting with the Prime Minister, at the initiative of Dr. Mahmoud Al-Mashhadani, in the presence of the Deputy Prime Minister, Dr. Fuad Hussein, and the heads of the parliamentary blocs, ended with a unanimous vote on the government text on the subject of amending the budget law regarding the costs of oil produced from the fields of the Kurdistan Region. |
https://x.com/thenewregion/status/1884689854660825567 The meeting in Baghdad between heads of the parliamentary blocs and Iraqi PM Sudani to discuss the proposed amendments to the federal budget law has concludedVian Sabri, head of the KDP bloc, told The New Region that a "general understanding" was reached during the meeting to pass the amendments |
Repeat - stop all US/western foreign aid payments to Iraq until these idiots agree to ITP resumption. |
https://x.com/EnglishBasNews/status/1884688316500455526 The meeting between the Iraqi Prime Minister and the heads of Kurdish factions in the Iraqi parliament ended, with KDP's Vian Sabri telling Kurdistan 24 that they reached a general understanding to amend the budget law for resuming Kurdistan's oil exports. |
Thanks guys. You know who you are.
Imo this is the time to be in GKP. |
No mention from Apikur of anyone working on drill sites estimating extra cost from 16$ to 26$ ish varying on each site.
Bet this hasn’t even started yet.
But maybe they can start and get back payments later hopefully.
Thanks Kev good diggin.
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.
1 day 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. |
Weren't PUK the ones who walked out of parliament pre second reading? https://www.pukmedia.com/EN/Details/77518 The Iraqi parliament is set to vote on an amendment to the federal budget law, marking a significant step towards establishing a legal framework for cooperation between the federal government and the Kurdistan Regional Government (KRG) in the management of oil resources.Support for Budget AmendmentHarem Kamal Agha, the Leader of the Patriotic Union of Kurdistan (PUK) bloc in the Iraqi parliament, told PUKMEDIA: "The PUK supports the amendment of the 2025 federal budget as per the bill provided by the federal government to the parliament." He continued, "This amendment will help implement the budget law, enhance transparency in the oil sector, and increase state revenues. We are keen to see this amendment legislated in the Iraqi parliament, rather than alternative bills."Oil File Gains LegitimacyHarem Kamal Agha further said: "We support the legislation of the government's proposal regarding Article 12 of the budget law, which outlines the estimated dues for extracting oil from the Kurdistan Region." He added, "The amendment specifies that the cost of oil production from the Kurdistan Region will be set at 16 dollars per barrel, with the final amount to be determined within 60 days. This amendment will resolve ongoing discussions about the oil file, as it will gain legitimacy once the oil is exported by the State Organization for Marketing of Oil (SOMO)."Finance Committee Approves AmendmentThe parliamentary Finance Committee recently voted in favour of a proposal to amend the section of the federal general budget law related to the resumption of oil exports from the Kurdistan Region.Dr. Narmin Marouf, a member of the PUK bloc in the Parliamentary Finance Committee, told PUKMEDIA: "The Finance Committee has voted during its meetings to amend Article (12/Second/C) of the Federal General Budget Law, which pertains to the resumption of oil exports from the Kurdistan Region. According to the amendment we voted on, the actual cost of producing and transporting oil from the Kurdistan Region is set at 16 dollars per barrel. This amount will be paid as an advance to the Kurdistan Region until the actual value of oil production and transportation from each field is determined separately by the relevant advisory bodies, within 60 days of the implementation of the Federal General Budget Law." On November 5, 2024, the Council of Ministers approved the proposal to amend Article (12/Second/C) of the Triennial Budget Law No. (13 of 2023), setting the average actual cost of production and transportation of oil from the Kurdistan Region at 16 dollars per barrel.PUKMEDIA |
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. |
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