Gulf Keystone Petroleum Share Discussion Threads

[beernut1] 13/11/2023 05:59

Negotiate final agreement on hydrocarbon resources of the region

PUK spokesperson expresses optimism following al-Sudani's visit to Erbil
Iraq News
Erbil
PUK
Muhammad Shia Al-Sudani
PUK spokesperson expresses optimism following al-Sudani's visit to Erbil
2023-11-12 10:56


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Shafaq News/ A spokesperson to the Patriotic Union of Kurdistan (PUK) expressed optimism following Prime Minister Mohammad Shia al-Sudani's visit to the Kurdistan region, praising it as a "positive step" toward addressing unresolved differences between the governments in Baghdad and Erbil.
"We were delighted by al-Sudani's visit. It was a positive step," spokesperson Saadi Pira told reporters after a meeting of the PUK organizations in Sulaymaniyah.
"Ofcourse, we endorse any agreement that might lead to resolving the ongoing problems and differences with Baghdad," he said.
Last Thursday, Prime Minister Mohammad Shia al-Sudani visited Erbil for talks with Kurdish leaders on the situation in Iraq, the Kurdistan region, and the Middle East, according to his media office.
Earlier today, Oil Minister Hayyan Abdul-Ghani arrived in Kurdistan's capital city for a three day visit to negotiate a final agreement on managing the hydrocarbon resources of the region.

[luckyclicker] 13/11/2023 05:08

APIKUR https://youtu.be/foN4tXvKF4E?feature=shared

[steephill cove] 13/11/2023 00:25

HTTPS://shafaq.com/en/Economy/US-allows-ten-Iraqi-banks-to-consolidate-their-assets-with-US-dollars-INA-source

[steephill cove] 13/11/2023 00:22

Very interesting!

US allows ten Iraqi banks to consolidate their assets with US dollars: INA source.

2023/11/12.

Shafaq News.

A new agreement with Washington will allow ten Iraqi banks to obtain US dollars from the Federal Reserve, Iraqs state news agency quoted a government source on Sunday.

The source said that the deal was sealed after a series of extensive meetings between representatives from the Central Bank of Iraq (CBI) and the US Federal Reserve in Abu Dhabi.

Ten banks will be able to consolidate their assets with dollars from US banks directly:- five from Citi Bank and five others from JPMorgan, he said. the number Iraqi banks allowed use with the Yuan at the Singaporean Development Bank to boost their asset will be increased to thirteen.

The source told INA that two Iraqi banks will have access to the Indian Rupee trade window at the Development Bank in Singapore. Other banks will follow in the next weeks.

Iraq plans to ban cash withdrawals and transactions in US dollars as of the January 1, 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of US sanctions on Iran.

The move aims to stamp out the illicit use of some 50% of the $10 billion that Iraq imports in cash from the New York Federal Reserve each year. Its also part of a broader push to de dollarize an economy that has seen the greenback preferred over local notes by a population weary of recurring wars and crises following the 2003 US invasion.

Iraq has already set up a platform to regulate wire transfers that make up the bulk of its dollar demand and that used to be a hotbed of fake receipts and fraudulent transactions that siphoned dollars to Iran and Syria, both countries under US sanctions.

Iraq is heavily reliant on Washingtons goodwill to ensure oil revenues and finances do not face U.S. censure. At the same time, the current government, which is backed by powerful parties and armed factions close to Iran, has been careful not to alienate Tehran, nor anger the parties and armed groups with deep interests in Iraqs highly informal economy.

[steephill cove] 13/11/2023 00:16

HTTPS://www.aa.com.tr/en/middle-east/iraq-to-reach-deal-soon-on-resuming-oil-production-from-its-kurdish-region-minister/3052018#

[steephill cove] 13/11/2023 00:08

They are now talking 2-3 days 👍

Iraq to reach deal soon on resuming oil production from its Kurdish region: Minister.

Iraqi oil minister and KRG prime minister meet to discuss months-long suspension of oil exports.
Bekir Aydogan.

13.11.2023 - Update : 13.11.2023.

ERBIL, Iraq

Iraqi Oil Minister Hayan Abdel Ghani said Sunday that he expects to reach an agreement with the Kurdistan Regional Government (KRG) and foreign oil companies on resuming oil production from the region within three days.

Speaking during a visit to the regions capital, Erbil, he said Iraq had also reached an understanding with Turkey on resuming northern oil exports through the Iraq Turkey pipeline.

Abdel Ghani and his delegation met with KRG Prime Minister Masrour Barzani to discuss the months long suspension of oil exports, according to a statement released by Iraqs Oil Ministry.

It underscored the Iraqi governments willingness to find suitable mechanisms for restarting production and exports from the region.

The KRG Prime Ministrys statement cited Barzani as saying that the halt of oil exports has caused billions of dollars in losses to the public treasury and must be resumed as soon as possible.

Abdel Ghani expressed his intention to discuss the resumption of oil production with the KRG and foreign oil companies, hoping to reach an agreement within "two or three days," the Erbil based Rudaw News Agency reported.

He said that in the second stage, there will be an agreement with Turkish officials on oil exports via the Iraq-Turkey pipeline and there is already a consensus on this matter.

Safeen Dizayee, the head of the KRGs Department of Foreign Relations, said on Aug. 29 that Iraq had suffered around $5.5 billion in losses due to the halt in the regions oil exports through Turkeys Ceyhan port since March.

Dizayee expressed both Turkey and the KRGs desire for the resumption of oil exports, noting that although Baghdad claims its readiness to do so, no practical steps had been taken yet.

The flow of oil from Iraq to Ceyhan port was halted following a decision on March 23 by the International Chamber of Commerce (ICC) on oil exports between Turkey and Iraq.

[begdog paid 4quid 55 in feb12] 12/11/2023 23:28

I hate myself. Almost as much as I hate Todd Kozel, people with hobbies and Ian Beale from EastEnders.

[milliecusto] 12/11/2023 23:01

Why consolidate when low volume of shares in issue, im puzzled

[ptmorris1] 12/11/2023 23:00

Perhaps Muttley needs a new taxi.

[0ili0] 12/11/2023 22:57

Cutthegrassagain 😂😂😂

[johnbuysghost] 12/11/2023 22:26

BigdogSarah sucks for £1 a go.

Her losses from 2012 will be repaid in around 400 years.

[pittcock] 12/11/2023 22:22

Chew on yer mums rubbery teet

[hugetakeaway] 12/11/2023 22:12

"Upside Potential ...ENORMOUS". GKP CEOHe isn't kidding.Under their Production Sharing Contracts (PSCs), APIKUR member companies have the right to sell their share of oil production (their entitlement oil) and the parties discussed how APIKUR member companies could sell oil to MoO/SOMO for subsequent transport through ITP and onward sale to international markets.GKP have at least 250m net entitlement oil reserves to sell to Baghdad - nice.Lets say $ 20bn NPV.................£ 75 / share

[bigdog5] 12/11/2023 22:11

On day 233 of the pipe being closed I'm looking forward to all the offers you gullible suckers have been predicting every minute of every day for fourteen years!!!

johnyladyboy is at £100ps in order to cover her losses from 2016.

The Carroll gang are at £75ps in order to pay for being taken to the cleaners.

scotty snowflake reckons between £25-£50ps cos his 'mate' says so.

sarahgibbs the cross dresser is just hoping for something over £10ps so she can finally buy a new frock from Primark.

Add the cash and possibly some debt payments to the asset value and no one needs to offer much more than £2.25ps. However a consolidation is much more likely.

If only you rampers were any good at ramping (£4.60 down to 1p in 14 years) we could see £1.50++ in the short term!!!

[pittcock] 12/11/2023 22:05

https://youtu.be/foN4tXvKF4E?si=a9MaquNSe5MAWYFm

[spark plug] 12/11/2023 21:42

Thanks to all news hounds today and over the long term - hard to get too excited as we have all been so badly treated over many years - there can't be many more obstacles in our way surely - good look all LTH

[martyre] 12/11/2023 21:34

https://www.kurdistan24.net/en/story/33132-Kurdistan-Region,-Iraq-lost-%247-billion-in-oil-revenues-thus-far-in-2023,-says-APIKUR-spox

[hugetakeaway] 12/11/2023 21:33

"Upside Potential ...ENORMOUS". GKP CEOHe isn't kidding.Under their Production Sharing Contracts (PSCs), APIKUR member companies have the right to sell their share of oil production (their entitlement oil) and the parties discussed how APIKUR member companies could sell oil to MoO/SOMO for subsequent transport through ITP and onward sale to international markets.GKP have at least 250m net entitlement oil reserves to sell to Baghdad - nice.Lets say $ 20bn NPV.................£ 75 / share

[arcadian] 12/11/2023 21:21

All conjecture depending on what is agreed or not. Wait for the facts. We are on the cusp it would seem.

[johnbuysghost] 12/11/2023 21:19

I agree HUGE. The upside here is more than anyone ever imagines. Crazy actually.

IMO many multiple millionaires will be made on this board and the big players will make obscene amounts. Truly obscene.

GLAlongs!!!

[hugetakeaway] 12/11/2023 21:12

"Upside Potential ...ENORMOUS". GKP CEOHe isn't kidding.Under their Production Sharing Contracts (PSCs), APIKUR member companies have the right to sell their share of oil production (their entitlement oil) and the parties discussed how APIKUR member companies could sell oil to MoO/SOMO for subsequent transport through ITP and onward sale to international markets.GKP have at least 250m net entitlement oil reserves to sell to Baghdad - nice.Lets say $ 20bn NPV.................£ 75 / share