Gulf Keystone Petroleum Share Discussion Threads

[gkpbanggone] 20/4/2024 13:51

Iraqi Prime Minister Recep Tayyip Erdogan has said that Turkish President Recep Tayyip Erdogan's visit to Iraq will be fruitful. "There is a desire to resolve the issues between the two countries," he said.Iraqi Prime Minister Mohammed Shia Sudani said in a speech in the United States that Turkish President Recep Tayyip Erdogan's visit to Iraq will be a productive visit.https://www.kurdistan24.net/ckb/story/256423

[luckyclicker] 20/4/2024 13:29

Iraqi Prime Minister Recep Tayyip Erdogan has said that Turkish President Recep Tayyip Erdogan's visit to Iraq will be fruitful. "There is a desire to resolve the issues between the two countries," he said.Iraqi Prime Minister Mohammed Shia Sudani said in a speech in the United States that Turkish President Recep Tayyip Erdogan's visit to Iraq will be a productive visit.https://www.kurdistan24.net/ckb/story/256423

[luckyclicker] 20/4/2024 11:00

Thanks beernut1 Erbil (Kurdistan 24) - Iraq's ambassador to Ankara, Majid Al-Lajmawi, said that Turkish President Recep Tayyip Erdogan's visit to Baghdad "will witness the signing of a strategic agreement in various fields."Al-Lajmawi confirmed that Erdogan's visit to Baghdad "will contribute to resolving the outstanding issues between the two neighboring countries," according to what was reported by the Iraqi News Agency (INA).Considering, at the same time, that the visit "will achieve a comprehensive qualitative leap in cooperation relations between Iraq and Turkey."According to Al-Lajmawi, the visit will also witness "the signing of a strategic framework agreement within the security, economic, and development fields, and progress in the water and energy files, and the process of resuming the export of Iraqi oil through Turkey."The Iraqi ambassador explained that Erdogan's visit "comes within the framework of the two countries' efforts to strengthen bilateral relations between them, especially in light of the presence of many projects and memorandums of understanding that may be concluded between the two countries, most notably the development path and Turkey's role in this vital strategic project."Turkish Defense Minister Yasar Guler announced that Erdogan will make an official visit to Iraq next Monday, and Baghdad and Ankara are scheduled to sign a strategic agreement on the sidelines of the visit.Turkish President Recep Tayyip Erdogan had previously confirmed that the water issue would be one of the most important items on his agenda during his visit to Iraq, while he hinted at visiting Erbil after Baghdad.Erdogan indicated that Turkey is studying requests submitted by the Iraqi side regarding water, stressing that they will seek to solve this problem with them.

[beernut1] 20/4/2024 10:43

From Lse

Monday looking goodToday 11:40
Erdogan's visit will witness signing of strategic agreement which will include process of resuming Iraqi oil exports through Turkey.

[gkpbanggone] 20/4/2024 10:35

https://www.nrttv.com/AR/detail3/26166

[luckyclicker] 20/4/2024 09:56

https://www.nrttv.com/AR/detail3/26166

[habshan] 20/4/2024 08:27

Great work this morning guys.

Much appreciated.

[steephill cove] 20/4/2024 08:20

PS:- If you know where all Licencing Rounds 5+ & 6 blocks are (as I do) you will know that major new territory is opening up in Iraq.

Including the fabled Western Desert to the West of Karbala.

Saddam Hussein in his prime, had a garrison stationed there in the middle of the desert & wilderness who fought like lions to defend it for a reason.

It has always been rumoured to have multi billion barrel oil deposits & absolutely enormous gas deposits in the Mesozoic & Paleozoic.

[steephill cove] 20/4/2024 08:14

If you remember, these licencing rounds were deliberately postponed in February 2024, because of issues with Kurdistan IOC contracts not being resolved & the possible ramifications on new Iraq Licencing Rounds 5 (Oil Blocks) & 6 (Gas Blocks).

IMHO:- Given that licencing winning bids are now being opened more quickly suggests Kurdistan; APIKUR & the Kurdistan IOCs are now about to get a positive result.

[steephill cove] 20/4/2024 08:07

Interesting news. Looks like things are now starting to move at pace!

Winning oil bids for both licencing rounds 5+ & 6 are to be opened on the same day & earlier than scheduled.

MEES. Iraq: Oil Bids To Be Opened 27 April.

19 Apr 2024

Issue: 67/16

By: Yesar Al-Maleki.

Iraqs Oil Ministry said on 18 April that a ceremony will be held on 27 April to receive and open competitive offers from international oil companies participating in both of Iraqs licensing rounds planned this year: the fifth licensing round plus annex (LR5+) and the gas focused sixth licensing round (LR6).

In February, the Petroleum Contracts and Licensing Directorate had published a schedule indicating that bid submissions for each round would be held separately (MEES, 9 February), but this no longer appears to be the case.

The new date is even earlier than the previously communicated 28-29 April for LR5+ and LR6s 1-2 May.

[hydrocarbon1] 20/4/2024 07:49

ERBIL, Kurdistan Region - The federal government will continue to pay the salaries of Kurdistan Region’s civil servants, Iraq’s finance minister said on Friday.

“We will continue to send the salaries to the Kurdistan Region as per the federal court ruling,” Taif Sami told Rudaw’s Diyar Kurda in Washington on Friday, referring to a February ruling by the Iraqi Federal Supreme Court that ordered the federal government to pay the salaries of the Kurdistan Regional Government’s (KRG) civil servants and for Erbil to hand over all oil and non-oil revenues to Baghdad.
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Lip service

[highlander7] 20/4/2024 07:18

As always with the ICG , if common sense and decency fail , then threaten them.
looks like its worked again.

[beernut1] 20/4/2024 06:56

Turkey offers support to resolve Erbil-Baghdad oil export issue
Highlighting the importance of transparency, Bayraktar indicated that Turkish President Recep Tayyip Erdogan's upcoming visit to Baghdad on Monday may also include a potential stop in Erbil. author_image Kurdistan 24
21 Hours

An petroleum facility in the Kurdistan Region. (Photo: Archive)
An petroleum facility in the Kurdistan Region. (Photo: Archive)
Kurdistan Oil Exports Resumption of Oil Exports Turkey Iraq-KRG Alparslan Bayraktar Receb Tayyib Erdogan
ERBIL (Kurdistan 24) - In a recent television appearance, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar expressed Turkey's readiness to assist in resolving the ongoing oil export dispute between Erbil and Baghdad.

Highlighting the importance of transparency, Bayraktar indicated that Turkish President Recep Tayyip Erdogan's upcoming visit to Baghdad on Monday may also include a potential stop in Erbil.

Bayraktar emphasized the significant capacity of the pipeline connecting Turkey and Iraq, capable of exporting up to 1.4 million barrels of oil per day. Despite this capacity, the pipeline has yet to reach its full potential, a matter Bayraktar hopes to address.

Addressing concerns about delays in oil exports, Bayraktar clarified that Turkey has been prepared for oil exports since October 4 of the previous year, suggesting that the issue lies beyond Turkish involvement.

In related developments, Iraqi Oil Minister Hayyan Abdul Ghani recently affirmed plans to resume oil production and exports from the Kurdistan Region, with daily production estimated at 375,000 to 400,000 barrels, as outlined in the Iraqi budget.

Read More: Iraq, Kurdistan Region in talks to resume oil exports, says Iraqi Oil Minister

The suspension of oil exports from the Kurdistan Region via the Iraq-Turkey pipeline over the past year has led to significant economic losses for Iraq, totaling $11 billion in revenue and $400 million in investments from APIKUR member companies.

Read More: KRG oil export suspension threatens global energy balance, warns expert

Despite the willingness of both Turkish and Kurdistan Regional Governments to address the issue, Iraq has yet to signal readiness to resume oil exports. APIKUR, representing oil companies, stresses the importance of prompt resumption of exports and urges adherence to previously agreed terms.

Read More: APIKUR optimistic about KRG's oil pipeline ahead of White House meeting

The developments highlight ongoing efforts to navigate challenges in the region's oil sector, underscoring the importance of cooperation and dialogue between stakeholders to ensure stability and prosperity.

[beernut1] 20/4/2024 06:53

Turkish President Erdogan to visit Erbil amid talks with Baghdad
Erdogan's visit to the Kurdistan Region and Erbil signifies a notable shift, with specific agenda items outlined. This emphasizes the focus on resolving bilateral issues, contrasting previous visits where the agenda remained unspecified. author_image Kurdistan 24
18 Hours

Turkish President Recep Tayyip Erdogan. (Photo: AP)
Turkish President Recep Tayyip Erdogan. (Photo: AP)
Turkey Receb Tayyib Erdogan Iraq Visit Turkey Turkey-KRG Resumption of Oil Exports
ERBIL (Kurdistan 24) - Turkish President Recep Tayyip Erdogan has announced his intention to include Erbil in his upcoming visit to Iraq, following talks in Baghdad.

Speaking to reporters after Friday prayers, Erdogan emphasized his commitment to addressing the issues between Erbil and Baghdad during his visit.

Erdogan's decision to visit Erbil marks a significant development, as he previously hinted at the possibility of such a visit without specifying the agenda.

This time, however, Erdogan highlighted the specific topics to be discussed in Erbil, underscoring the importance of resolving bilateral issues.

The visit, scheduled to take place on April 22, is expected to be a one-day affair, with discussions encompassing a range of issues, including Turkey-Iraq relations.

"We had planned our visit to Iraq following the elections, which have now concluded. With the help of God, we will proceed with our visit," Erdogan stated, affirming the timing of the visit.

Erdogan emphasized that discussions in Erbil would focus on addressing the challenges between Erbil and Baghdad, while broader aspects of Turkey-Iraq relations would also be part of the agenda, reflecting a comprehensive approach to regional diplomacy.

[beernut1] 20/4/2024 06:50

As per highlander7’s post.
Does mention oil revenue.

Iraq preparing to amend its budget law
Iraq's budget deficit has increased by 16 trillion dinars in the past year, bringing the estimated deficit for this year's budget bill to more than 80 trillion dinars. author_image Kurdistan 24
11 Hours

The meeting of the Iraqi Council of Ministers, Sept. 26, 2023. (Photo: INA)
The meeting of the Iraqi Council of Ministers, Sept. 26, 2023. (Photo: INA)
Iraq Budget law Iraqi Council of Ministers
ERBIL (Kurdistan24) – Khalil Ghazi, A member of the Iraqi parliament's finance committee, revealed to Kurdistan24 that the budget amendment for 2024 has been finalized by the Council of Ministers and is now awaiting the return of the Iraqi Prime Minister from Washington for final review.

Iraq's budget deficit has increased by 16 trillion dinars in the past year, bringing the estimated deficit for this year's budget bill to more than 80 trillion dinars.

The allocation of the budget to provinces in central and southern Iraq, especially those facing high poverty rates and service issues, has caused conflict among factions in parliament. These provinces are dissatisfied with the share of the budget allocated to them.

The Iraqi budget is composed of three main components: revenues, expenditures, and a budget deficit. Revenues include oil exports, taxes, and customs duties, while expenditures cover government spending in various sectors such as education, healthcare, infrastructure, and defense. The budget deficit occurs when expenditures exceed revenues, and it can be financed through borrowing or international aid.