I can't wait for the point in my life when I never again hear the phrase 'paves the way' |
 https://www.kurdistan24.net/en/story/822954 ERBIL (Kurdistan24) In a major breakthrough, Deputy Speaker of the Iraqi Parliament Shakhawan Abdullah announced on Monday that there are no longer any legal obstacles to oil exports from the Kurdistan Region. This paves the way for the long-awaited resumption of exports, a move expected to boost both regional and national economies.This announcement comes on the heels of the Iraqi Parliament's approval of a key amendment to the federal budget law on Sunday, a crucial decision that officially clears the path for Kurdish oil exports to restart.Beyond economic developments, Abdullah also delivered important news regarding the restoration of land and property rights for Kurdish residents in Kirkuk. He confirmed that the process to return confiscated lands and properties to their rightful Kurdish owners has officially begun. Abdullah stated that he had signed the necessary documents, which will now proceed to the presidency before reaching the Iraqi Ministry of Justice for finalization.These significant steps signal renewed cooperation between Baghdad and Erbil, fostering hope for economic progress and stability in the region. |
In the past it's been possible to buy in for the dividend having been given notice of the ex divi date. I have always thought it a shame that these things don't get triggered retrospectively so that the existing holders benefit more. But that's never been the case. |
shortsqueezer3 Feb '25 - 08:46 - 718256 of 718312
Go to ADVFN menu. Bottom left on my phone. Then choose toplist.
Thanks mate.
Anyone know when your moneys got to be in for March Dividends?
Bought Pretty heavy today. |
Me too.Nice finish. |
I thought we would finish about mid 180's so quite happy with the finish. |
Will be another leg up when we get a GKP rns out detailing their understanding of the situation, then another at resumption of flowing oil, outstanding receivables, and another big dividend. Lots of good news coming up. |
Looks like we are finishing at about 190. Not bad but expected better. Should be an interesting week. At least we have held steady at this level all afternoon. |
Planned I think |
OT but thanks to beernut for that direct numbers to Barclays Stockbrokers. Apparently they are still clearing up some issues and my missing transfer is amongst them. It's being dealt with and my payment has been highlighted. Thanks again. |
I doubt that the consequential losses will be paid but certainly the money owed for oil already delivered should be. IIRC that's $150m for GKP, is it not? |
Cumulative losses at $26.3 Bn for Akipurs 8 Cos . Goes up $1000 a second approx. |
https://x.com/apikur_oil/status/1886438044695146621 APIKUR welcomes the Iraqi Council of Representatives Budget Law amendment, and remains focused on reaching agreements to restore oil exports through the Iraq-Türkiye Pipeline. #oil #iraq #Kurdistan |
Is this as a result of yesterday's vote or was it planned anyway? |
Genel q and a tomorrow. Should be interesting |
I think it's also encouraging that just like that! They can now guarantee all the salaries to be paid for the foreseeable future, certainly the whole of 2025. |
So, "trust" between the ICG and KRG now looks restored, albeit KRG oil money now goes straight to ICG via SOMO.
The budget law amendment is a good first step but APIKUR won't let their "boot" off the ICG "neck" until agreements are reached that are non detrimental to the current PSC's and all back payments (amounting to $ hundreds of millions across APIKUR members) are agreed/made.
The validity of the contracts is now beyond any doubt having been ratified by all Iraqi courts and the international community.
Let's see how the rest of February plays out as APIKUR hold all the cards.. |
Still waiting for the rest of Jon's stay bonus to be RNS d. |
https://x.com/thenewregion/status/1886417918872666378 KRG Finance Minister Awat Sheikh Janab announces that they have reached an agreement with the Iraqi federal government to finance the salaries of the Kurdistan Region's civil servants for the entirety of 2025 "without any issues" |
Kev--thanks
In late January, Iraqi Foreign Minister Fuad Hussein affirmed that the regional and federal government, along with international oil companies (IOCs), had reached a written agreement.
Sounds promising. Maybe there is after all just the lifting and shifting bit to be sorted
PS We need to be reassured about the details because this lot are good at agreeing to agree that they need to agree. |
https://www.rudaw.net/english/middleeast/iraq/030220252 ERBIL, Kurdistan Region - Oil producers in the Kurdistan Region on Monday welcomed the Iraqi parliament's approval of a budget amendment that increases compensation for their production costs, a move seen as crucial for restarting oil exports through the Iraq-Turkey pipeline."APIKUR welcomes the Iraqi Council of Representatives Budget Law amendment, and remains focused on reaching agreements to restore oil exports through the Iraq-Türkiye Pipeline," said Myles Caggins, spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR).The Iraqi government proposed an amendment to the three-year federal budget law's Article 12 in November. The lawmakers passed the bill on Sunday after months of discussions.The law authorizes compensation to international oil companies (IOCs) operating in the Kurdistan Region for oil production and transportation costs, setting the rate at $16 per barrel, a substantial increase from the $6.90 set in the federal budget that was passed in June 2023.In November, Caggins told Rudaw that the provision of a written agreement is a precondition for the restart of Kurdistan Region's oil exports.In late January, Iraqi Foreign Minister Fuad Hussein affirmed that the regional and federal government, along with international oil companies (IOCs), had reached a written agreement.Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been suspended since March 2023 after a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had violated a 1973 pipeline agreement by allowing Erbil to begin independent oil exports in 2014.Before the halt, Erbil exported around 400,000 barrels per day through the pipeline, in addition to some 75,000 barrels of Kirkuk's oil.The KRG has struggled to pay the salaries of its civil servants on time and in full for a decade due to a financial crisis that further deteriorated after the oil export halt. Erbil is reliant on its local income and federal budget funds. |
hxxps://www.kurdistan24.net/en/story/822900/apikur-welcomes-the-iraqi-parliament-budget-law-amendment-spokesperson |
https://x.com/thenewregion/status/1886391566689862078 The KRG's Ministry of Natural Resources welcomed Monday the amendment to the Federal Budget Law, describing it as a "positive step" toward a final solution to the oil dossier, while calling on Iraq's oil ministry to implement the law and "begin technical preparations" for the resumption of the Kurdistan Region's oil exports statement |
https://x.com/zoomnewskrd/status/1886390006220202415 BREAKING: The Kurdistan Region's Ministry of Natural Resources has welcomed the approval of the Iraqi budget law amendment as a "positive step" toward resolving the Kurdistan Region's oil issue. The Ministry expresses hope that approval marks the beginning of a new phase in addressing all outstanding issues and calls on the Iraqi Ministry of Oil to implement the amendment and prepare the necessary technical arrangements - statement |
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