We're almost at May so only 4 months to go. Is there any point in opening now or just wait 16 weeks?
Iraq has literally shot themselves in the foot and now it's probably too late. Totally bizarre behaviour. |
"Maybe Baghdad think they can get the fines out of the Turks by not paying their electricity bill."
I'd love to think it's joined up as that but more likely whoever is in charge of that payment either embezzled the money or just straight-up forgot.
The more I read about the ICG the more it becomes apparent that it is NOT a coherent organisation like we understand government to be (or should be) and instead a group of independently-acting sub-organisations each with their own goals and ways of working. Hence the inability to get seemingly simple things across the line without some sort of direct involvement from Al Sudani. |
Thanks Nest.
There's certainly no love lost between Turkey and Baghdad.
Come September the 50 yearTurkey-Kurdistan export agreement that Erdogan and Nechirvan Barzani signed in 2014 will be reactivated and if Baghdad want to use the pipeline under a renegotiated ITP agreement they're going to have to start cooperating, the way they're performing they'll end up being sidelined. If they don't stop threatening Erdogan with more legal hassle and keep on insisting that he pays those old fines he'll just cut them out and deal with the Kurds.
Maybe Baghdad thought they could get the fines out of the Turks by not paying their electricity bill.
Gina Lennox
@LennoxGina
"Heading into summer, #Turkey stops electricity sales to #Iraq after Baghdad fails to pay US$70M+ billion for electricity supplied, & pushes to launch a 2nd legal case against Turkey for facilitating Iraqi #Kurdistan's oil exports. Baghdad has not resolved issues that are....." |
Turkey stops Elecy to Iraq. |
 "If it were to be reactivated, it would considerably weaken the KRG’s leverage."
A statement from a journalist trying to generate a story, he then goes on to say (correctly this time) that it's the ICG who are in a weak position in the current negotiations because the Kirkuk-Ceyhan pipeline goes through Kurdish territory.
Even if reactivating that pipeline was politically and financially viable, as Nest says it will take years and with the ITP agreement lapsing in September and with Turkey and the Kurds having a 50 year export agreement it's hard to see how reactivating the old Kirkuk-Baniyas pipeline years from now could weaken the KRG's leverage in the current negotiations.
New Region 4 months ago.
Iraqi lawmaker Sabah Subhi Haider a member of the parliament's oil and gas committee, told The New Region the revival of the Kirkuk-Baniyas pipeline would take years to complete, require extensive repairs and come with an $8 billion price tag, adding that it should not be considered as a substitute for the Kirkuk-Ceyhan route at this time.
"This pipeline is destroyed and needs rehabilitation and many radical repairs, so it is not easy to talk about this pipeline except after years and spending billions on it."
He explained that "the adoption of the Kirkuk-Baniyas pipeline will not be an alternative to the Kirkuk-Ceyhan pipeline as the Kirkuk-Ceyhan pipeline is one of the strategic pipelines that the region needs in general and that Iraq needs to increase exports, and things are going on in this framework."
Experts remain skeptical about the Kirkuk-Baniyas pipeline's viability. Energy analyst Mohammed Hawrami said regional and political challenges have historically stalled large-scale projects like this. Despite the great importance of the Kirkuk-Baniyas pipeline as an outlet for Iraq to the Mediterranean, major regional interests do not favor its activation. |
Would take 3 years at least imo .
Kurdistan Watch
@KurdistanWatch
·
9h
Iraqi intelligence chief Hamid al-Shatri is in Damascus to meet Syrian President Ahmed al-Sharaa - marking their second meeting. Notably, representatives from Iraq’s Oil Ministry and border authorities are part of the delegation. According to a statement from the Iraqi Prime Minister’s Office, one of the topics under discussion is the potential reopening of the Kirkuk–Baniyas pipeline.
Originally built in 1950, the pipeline was damaged by U.S. airstrikes in 2003 and has remained out of operation ever since. If it were to be reactivated, it would considerably weaken the KRG’s leverage, as Iraq’s current pipeline to Turkey runs through KRG-controlled territory—limiting Baghdad’s options and weakening its bargaining position. |
Yes JBG, that and watching the troughing that goes on at GKP towers could unhinge a feeble minded Northerner. It's not funny that the city wanted halfwits to try thier hand at investing . |
There's something wrong with Sarah, Habshan. Blowing her pot in February 2012 at £4.65 per share was the trigger. |
On penny stocks top ten todayGulf Keystone Petroleum (LSE:GKP)Simply Wall St Financial Health Rating: ??????Overview: Gulf Keystone Petroleum Limited is involved in the exploration, development, and production of oil and gas in the Kurdistan Region of Iraq, with a market cap of £342.28 million.Operations: The company's revenue is derived entirely from the exploration and production of oil and gas, amounting to $151.21 million.Market Cap: £342.28MGulf Keystone Petroleum, with a market cap of £342.28 million, has transitioned to profitability recently, complicating comparisons with its historical earnings growth. The company is debt-free, enhancing its financial position and stability. Its short-term assets exceed both short-term and long-term liabilities, indicating strong liquidity. Despite a low return on equity of 1.4%, Gulf Keystone announced a $25 million interim dividend under its shareholder distribution framework and confirmed production guidance for 2025 at 40,000-45,000 barrels per day. However, the dividend yield of 10.95% isn't well covered by earnings, warranting caution for income-seeking investors. |
"Almost 16 years on and what has all your delusional ramping achieved? share price of 1.5p."
Hehehe. Remember these Sarah:-
"Shaikan is massive, possibly 18b-26b barrels OIP. The 18b figure was recently mentioned by one of the BoD's. TK has suggested we could have 26b."
"Value we're not sure but think north of $5 a barrel. Recovery around 30%. Company maker"
"I hold to the theory that Shaikan is perhaps the largest find in a generation?"
"Shaikan is colossal."
Halcyon days eh.
You were the biggest ramper we've ever seen on this board weren't you Sarah. |
I've been invested for 3 times that long and struggled to buy half that many with my own money. Scandalous tbh. |
BigdogSarah5IQ trolling again. She's posting more than real shareholders. |
"waiting for the inevitable"!!
LOL, one day you gullible suckers will realise that its all been a gigantic hoax.
Almost 16 years on and what has all your delusional ramping achieved? share price of 1.5p.
The hosts, BoD and the employees I'm positive are most grateful. |
Clare Kinahan HR manager worked for GKP 4.5 years and gets awarded 75000 LTIP shares . She isn't LT at 4.5 yes FFS . GKPs Bods are like Mums dishing out icecream and jelly at a toddlers party . The Co is way too staff heavy considering they are in limp mode waiting for the inevitable. |
Plans for a significant increase in natural gas production in Iraq's semi-autonomous Kurdistan region over the next 18 months could not only help address the country's chronic power shortages but also enable Baghdad to increase its oil exports.
Link: hxxps://www.argusmedia.com/en/news-and-insights/latest-market-news/2681944-kurdish-gas-plans-may-boost-iraqi-oil-exports |
Halifax still not paid. |
Judging by today's zig-zag trading and on the back of this morning's 100k plus purchase this morning someone's keen to keep a lid on this sub 160p.... |
IWNWTBOOTOTW |
Agreed, the most obvious incoming takeover in stock market history, on its way..#gkp #gkptakeover @Gulf_Keystone on cusp of announcing sale.NPDMR did not / not allowed to exercise all options awardedEver heard of execs voluntarily turning down more cash ??These awards have been adjusted by remuneration committee as part of official closing of sale TBA.HTTPS://x.com/111notout1/status/1915289465796415883?s=61&t=EEAJRmerpfLiAmForyb8Dw |
LOLOLThe paid American sentiment basherCan't stop.Yankee Doodle Condog posts AND ONLY EVER ON THIS STOCK 32,000 times.... Lol it's the biggest BUY SIGNALEVER!!!! |
That's a great post from BB over the way.
Strange you gullible suckers can't see the positive's in it innit:-) |
SP at 1.5p just hanging on but with no progress and another week of "soon" and "imminent" failing again it could be a red figure by close of play!!
No meets arranged for you gullible suckers to get excited about? |
Not paid and not a Yank Carroll.
So the planet is desperate for 185k of oil is it, lol, lol.
How much sludge will be permitted to get in the Pipe? Any?
Epicur members doing their own thing? |
After his sycophants have shorted it no doubt. |
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