Gulf Keystone Petroleum Share Discussion Threads

[beernut1] 23/4/2025 08:11

Turkey Eyes Oil & Gas Exploration In Bulgaria, Iraq And Libya

By Alex Kimani - Apr 22, 2025, 7:00 PM CDT
Turkey is pursuing oil and gas exploration in Bulgaria, Iraq, and Libya
Ankara aims to boost domestic production and become a key energy hub linking East and West.
Turkey’s energy strategy includes influence in post-conflict Libya and potential pipeline links through Syria.
Turkey exploration vessel
Turkey is currently in talks to explore for oil and gas in Bulgaria, with similar plans for exploration in Iraq and Libya, Turkish Energy Minister Alparslan Bayraktar has revealed. According to the minister, state-owned energy company Turkiye Petrolleri AO (TPAO) will sign an agreement with an unnamed foreign partner within the next month to conduct exploration in Bulgaria’s section of the Black Sea.

Turkey not only wants to boost domestic oil and gas production, but also harbors ambitions to become a regional energy hub. Turkish President Recep Tayyip Erdo?an has been trying to position Turkey as an energy hub, connecting natural gas producers to its east and south with markets to the west. The country’s strategic geographical position and infrastructure give it an advantage in this regard.

Turkey and Bulgaria signed a deal in 2023 to permit Bulgaria’s state-owned Bulgargaz to import 1.85 billion cubic meters of gas per year-- good for ~60% of Bulgaria's annual demand--through the Strandzha-Malkoclar interconnection border point with Turkey. Bulgargaz has to pay a €2 billion service fee to Turkish gas firm Bota? over a 13-year period, regardless of whether it makes use of this capacity. According to Bayraktar, the capacity to export via Bulgaria right now is only around 3.5 billion cubic meters a year but capabilities can be boosted.

“What we need is an increase in the capacity of the interconnection between Turkey and Bulgaria”, which currently can only receive about half of the amount of seven billion cubic meters per year that, from a technical point of view, Turkey can provide it,” Bayraktar told Bloomberg.

But Libya is probably Erdogan’s biggest gamble, that is just as much about power and influence as it is about energy.

[shortsqueezer] 23/4/2025 08:09

Port Capri is back in town.

[ptmorris1] 22/4/2025 23:11

TT @ 722460

[nestoframpers] 22/4/2025 21:57

Swisher1776 🇺🇸
@swisher1776
·
11h
🚨🚨🚨IQD RV🚨🚨🚨
MOF HAS TRANSFERRED OVER $48 BILLION DINARS IN OIL REVENUES TO IRAQI FINANCE MINISTRY BANK ACCOUNT

The Kurdistan Region’s Ministry of Finance has transferred over 48 billion dinars in non-oil revenues for March to the Iraqi Finance Ministry’s bank account in Erbil, fulfilling part of the KRG’s obligations under the Baghdad-Erbil agreement

[nestoframpers] 22/4/2025 21:55

OilPrice.com
@OilandEnergy
·
Apr 21
The embargo on Kurdish oil isn’t just about barrels—itR17;s about Baghdad ending KRI’s autonomy. New pipeline plans to bypass the region confirm the Federal Govt’s strategy: financial pressure to dissolve political independence. #Iraq #Kurdistan #OilPolitics #Geopolitics

[tankerted] 22/4/2025 16:49

PTM1/TT
What vessel tracker site are you using pls?

[ptmorris1] 22/4/2025 16:07

God knows SS.

[shortsqueezer] 22/4/2025 16:04

Indeed but why sail all the way back to Russia? I suspect that the true draft isn't being shown.

[ptmorris1] 22/4/2025 16:00

I am intrigued (nerd mode [ON] ) as to what the Nantucket was doing at the terminal. AIS is still reporting her draft at 9.3m and is due in Novorossiysk next month; no doubt to pick up oil.
Did someone book her prematurely for BOTAS?

[nestoframpers] 22/4/2025 15:57

You tell the truth JBG.

It wasnt Todd that needed adult supervision but the Iraqis. Crazy that there is an impass.

[hangthedj] 22/4/2025 15:55

Port Capri back for another load of Mount Gabar crude at Ceyhan via the ITP

[johnbuysghost] 22/4/2025 15:23

Looks like a good price for divi reinvestments this week.

A quid a share would be better though. 😉

[ozzmosiz] 22/4/2025 13:16

Divi payments tomorrow

[shortsqueezer] 22/4/2025 12:32

From LSE.
KRG's Ministry of Finance has transferred over 48 billion dinars ...Today 12:27BREAKING: The Kurdistan Region's Ministry of Finance has transferred over 48 billion dinars in non-oil revenues for March to the Iraqi Finance Ministry's bank account in Erbil, fulfilling part of the KRG's obligations under the Baghdad-Erbil agreement - statementhttps://x.com/zoomnewskrd/status/1914610685754953815

[worldquant] 22/4/2025 10:17

They have clearly reached an agreement.....I think peeps here don't read carefully.APIKUR companie(s) have submitted sales and lifting agreement(s).My brackets..... There is NO WAY that multiple company contracts would be submitted without broad agreement on key issues being in place across all parties.Buy, hold, rummage down the back of sofa, and buy more.Then add..... Lol.

[lonely hermit] 22/4/2025 10:02

I believe it's the cash element as always. ICG have often used the same excuses for not paying the KRG for various entitled payments but I can imagine it is simply a cash flow issue.

Why can they not use barrels of oil as the payment mechanism for KRG and the oilers (based on an agreed standard selling price set by the ICG) for past and present payments?

The vast majority of the entitled payments (if not all) would be covered by the above and still managed (pricewise) by the ICG, albeit paid directly to the aforementioned at point of sale.

Simplistic thinking works if it were not for corruption.

We do not want to be in a situation where either the ICG or the KRG use the oilers' payments as their own bank facility! APIKUR are pushing to avoid this.

[worldquant] 22/4/2025 09:55

I think peeps here don't read carefully.APIKUR companie(s) have submitted sales and lifting agreement(s).My brackets..... There is NO WAY that multiple company contracts would be submitted without broad agreement on key issues being in place across all parties.Buy, hold, rummage down the back of sofa, and buy more.Then add..... Lol.

[nestoframpers] 22/4/2025 09:39

444 I agree but anyone would baulk at paying a plumber whod been filling up tankers using thier metered water. As bad as each other .Iraq also has a smuggling culture in the Sth then there is Basara who will demand the same as the Kurds get . A tribal mess as ever.

[gc321] 22/4/2025 09:23

Usual shenanigans with the trades. I sold some of my holding as simply needed the money for an impending commitment. 11k of shares in total earlier this morning and both my trades showing as buys lol. Almost engineered to look that way

[oilermam] 22/4/2025 08:59

H7. Agreed. Unless you were almost there, contracts wouldn't be drafted up. You wouldn't submit a draft contract to someone unless you had agreed on mostly everything at least in principle. Positive imo although hard to be too positive with this lot.

[highlander7] 22/4/2025 08:10

We seem to be getting there albeit screaming and struggling.

[midasx] 22/4/2025 07:45

The issue is that the ICG need to grasp the concept of paying your bills and paying your debt.

Until they do, there will be no positive outcome.

Pass the biscuits!

[highlander7] 22/4/2025 05:15

Its quite usual to draw up formal agreements/ contracts without them being complete.

Contentious issues are left blank with "HOLD" inserted to allow completion in the future. It saves time and it usually means that some agreement is either imminent or can be completed at a future date but in the meantime the agreement can go ahead. Contract Lawyers are expensive so there would have to be a very good reason to do this.

[adamrugen1066] 21/4/2025 19:17

That would be a first.

[bang_gone] 21/4/2025 19:09

https://x.com/goodnightcharl1/status/1914295633902440545?s=61&t=EEAJRmerpfLiAmForyb8Dw

#gkp #gkptakeoverThe parties must have already agreed heads of terms in order have moved to contract drafting.