All the illegal schemes of al-Ameri, al-Maliki, the illegal "Federal Supreme Court" and the other Iranian leaning deadbeats to control and subjugate the Kurds have been blown out of the water.
And September is fast approaching, no wonder they're panicking to get in on a pipeline deal and salvage something before it's too late and they've also got BP breathing down their neck who have suddenly decided they need to start talking to the Kurds.
The Kurds will only be entertaining them now because it's in their interests to continue trying to get along, and the Turks and Americans will want to see some kind of a sensible relationship.
The Kurds are firmly in the driving seat. |
5quid a share - I retire! Fingers crossed |
 https://www.rudaw.net/english/business/30012025 ERBIL, Kurdistan Region - The Kurdistan Region's natural resources ministry said on Thursday that it had won a case against the federal oil ministry over its contracts with several international oil companies. "After several court sessions and appeals by the Ministry of Natural Resources against the decisions of the Karkh Court, which were issued following the Federal Supreme Court of Iraq's decisions against Kurdistan's Oil and Gas Law, the Karkh Court, after a long period of multiple trials, ruled in favor of the Ministry of Natural Resources and reversed its previous decisions," said the Kurdish ministry in a statement. "Although the Federal Oil Ministry again appealed these decisions, the Iraqi Court of Review decided to approve the decisions of the Karkh Court of Appeals, thus legally establishing that the contracts between the Ministry of Natural Resources and oil and gas companies in the Kurdistan Region are valid and legitimate," it added. According to all documents obtained by Rudaw, the contracts are with DNO, Addax Petroleum, Dana Gas, Shamaran Petroleum, Western Zagros, Gazprom, Gulf Keystone Petroleum, HKN Energy, and Genel Energy.On February 15, 2022, the Federal Supreme Court deemed Kurdistan Region's Oil and Gas Law unconstitutional and obligated the Kurdistan Regional Government to hand over oil to the federal government and Iraq's Oil Ministry. |
Has Barzani sold his birthright by agreeing a new way of doing things under a law to which he was party and which was passed by the Federal Parliament if that happens.I
don`t know. What do you think? |
#gkp #gkptakeoverPeeps getting revved up rgds pipe opening ,OKIn reality real news of a positive vote Sunday is thatKurd oil industry is finally LEGITIMISED. IOC can buy in.@Gulf_Keystoneobviously been sold STC for at least 18mths.After Sunday IOC can close deal. |
"This decision represents a pivotal moment in the long-standing dispute between the Iraqi federal government and the KRG over control of oil and gas resources. It reaffirms the Kurdistan Region’s right to enter agreements with international energy companies, a matter that has remained a contentious issue in Iraq’s legal and political landscape."
This is of fundamental importance. Not only does it confirm the validity of the contracts themselves but it confirms the constitutional right of the Kurds to manage their own Oil & Gas resources without interference from Baghdad and it also confirms the ruling of the London Court of Arbitration that Kurdistan has the constitutional right to it's own Oil & Gas Law.
Kurdistan neither needs nor wants an Oil & Gas Law that is unified throughout Iraq, they have their own and it's legal under the Constitution.
Justice Sir C.J.Butcher.
"In my judgement, the entry into by the KRG of the PSCs were "sovereign or public acts" or acts jure imperii. They were entered into pursuant to powers which, as I have found, were allocated to the KRG under the Constitution, and under the KROGL (Kurdistan Region Oil and Gas Law), which was enacted to give effect to those powers. I conclude that the entry into of the PSCs was in the exercise of sovereign authority."
In terms of Oil & Gas Baghdad CAN NOT legally interfere with the Kurds running of their Oil & Gas sector and that includes who Kurdistan does deals with and who they sell their oil to, and in September the ITP agreement will expire thus removing any power that Baghdad had over the pipeline.
So nothing will be able to legally stop Turkey and the Kurds from doing their own deal to export Kurdish oil should they so wish.
BP and all the other majors will be paying very close attention to all of this. |
Very good timing for negotiations, again Pants on Fire Ghani was making all kinds of conciliatory statements, while trying to overturn the contracts on appeal. |
Well done Kev 🔥🔥🔥
I reckon we'll all be onto Barclay Huffington-Smythe for CGT advice come Monday morning. 💰📞 |
Thanks Kev- great job
if the PSCs are legal they cannot be changed to the detriment of either party we must await with wonder to see how the PM`s new ideas fit into this. Perhaps he`ll invite the around for supper and explain how he he plans to change their terms, conditions and return on capital employed. |
https://x.com/zoomnewskrd/status/1885045414887641274 The Kurdistan Region's Ministry of Natural Resources has announced that the Iraqi Court of Appeal has validated the contracts between the Ministry and oil and gas companies, overturning previous rulings that declared them unconstitutional - statement |
httpx://www.basnews.com/en/babat/873831 |
Last chance sale......Friday 31st January........ |
Excellent, another box ticked, great to put that one to bed. |
https://peregraf.com/en/news/8345 |
Haha looking good all. Another duck lined up ? quack quack!! |
#gkp #gkptakeoverPeeps getting revved up rgds pipe opening ,OKIn reality real news of a positive vote Sunday is thatKurd oil industry is finally LEGITIMISED. IOC can buy in.@Gulf_Keystoneobviously been sold STC for at least 18mths.After Sunday IOC can close deal. |
Nice find Kev, you're doing a grand job there, have you got a link for it. |
It's all about legitimacy.It means Shamaran and GKP can sell up at true value.And that's been worked on for years.... |
All just coincidence? Big meeting last night where they agreed unanimously to pass the budget amendment then appeals court ruling comes out today! |
"The 30 days to appeal must be up!"
I think they've given up on that one.
For 19 years the ICG banged on about PSCs being unconstitutional and therefore illegal and wanted all Iraqi IOCs to have TSCs instead.
BP said no thanks so they've been offered a PSC.
PSCs were illegal until the ICG needed to sign one to get BP to Kirkuk.
Iraqi politicians think they can just make up a new constitution and new laws as they go along. |
So they did appeal and lost! |
The Kurdistan Region's Ministry of Natural Resources (MNR) has announced that the Iraqi Court of Appeal has ruled in favor of the validity of contracts between the MNR and oil and gas companies, overturning previous decisions that had deemed them unconstitutional.The ruling follows a series of legal challenges and appeals after an initial decision by the Karkh Court, which had aligned with the Iraqi Federal Supreme Court's verdict against the Kurdistan Oil and Gas Law. However, the Karkh Court later reversed its earlier ruling, siding with the MNR.Despite an appeal from the Iraqi Federal Oil Ministry, the Iraqi Court of Appeal upheld the revised decision of the Karkh Court, effectively confirming the legality of the contracts and strengthening the Kurdistan Regional Government's (KRG) authority over its oil and gas agreements.This decision represents a pivotal moment in the long-standing dispute between the Iraqi federal government and the KRG over control of oil and gas resources. It reaffirms the Kurdistan Region's right to enter agreements with international energy companies, a matter that has remained a contentious issue in Iraq's legal and political landscape.The MNR welcomed the ruling, stating that it provides legal clarity and stability for ongoing and future investments in the region's energy sector.The decision could have significant implications for Iraq's oil industry and political dynamics as the federal government and the KRG continue negotiations over resource management and revenue-sharing frameworks. |
The 30 days to appeal must be up! |
https://www.basnews.com/en/babat/873831 The dispute over Kurdistan's oil and gas industry has been a longstanding issue between Erbil and Baghdad since 2014. In February 2022, Iraq's Federal Supreme Court issued a ruling deeming the Kurdistan Region's independent oil exports unconstitutional. The ruling empowered the federal government to assert control over oil revenues and led to increased pressure from Baghdad on international companies operating in the Region.The Iraqi federal government, through its Ministry of Oil, attempted to enforce the court's decision by instructing oil firms in Kurdistan to deal exclusively with Baghdad and threatening legal action against those that continued independent operations with Erbil. The dispute escalated in mid-2023 when Baghdad took further measures to halt Kurdish oil exports via Turkey after Ankara suspended pipeline operations, citing an arbitration ruling in favor of Iraq. In response, the KRG continued its legal fight to maintain its contractual agreements with foreign energy firms, arguing that its oil and gas law, passed by the Kurdistan Parliament in 2007, was still in effect and had provided the legal basis for oil production and exports. The recent decision by the Karkh Court marks a significant legal victory for the KRG. By affirming the validity of contracts signed between the Ministry of Natural Resources and oil companies, the ruling strengthens Erbil's position in ongoing negotiations with Baghdad over the management of the Region's natural resources.While this court decision could provide legal reassurance for foreign companies operating in Kurdistan, it remains uncertain how the Iraqi federal government will respond, given its previous stance on the matter. The legal and political tug-of-war over oil revenues is expected to continue as both sides seek a resolution that balances constitutional interpretations with economic and political realities. This ruling also comes amid broader discussions between Erbil and Baghdad regarding the federal budget, revenue-sharing mechanisms, and Kurdistan's financial entitlements, further complicating the political landscape. |
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