95,000 traded in 7hrs lol. |
Every 10m bucks declared in dividends = 3.5 p per share.?..#GKP #gkptakeover Will @Gulf_Keystone FY week ThursdayDeclare 10.5p /14 p or if $150m arrears land 60p dividend?Will they explain ?imaginary? buyback program??And extend it ?Will they come clean , rgds sale process they have been in for 18 months +Soon find out. |
Hallelujah !!! |
So Baghdad happy to do Production Sharing Agreements, just not with the Kurdy Oilers. Well, I think we all know what should happen now. |
Pipe open is it, lol. Not long to go scotty snowflake and it will be 24 months whereas you said a few days!!!
Still problems with the paying of salaries I note. But didn't you gullible suckers say that issue was sorted!!
Are Baghdad delaying everything so that the 60 days expire and they can then appoint the "Committee" of their choosing? And if and when that happens is it just possible their decision will favour Baghdad? And wouldn't that annoy Epicur? And wouldn't that mean more meetings?
Just a mull:-) |
Looks like it's going to come to sanctions. I wonder if at that point the Kurds will have enough justification for immediate use of the pipe. Any fines incurred between now and September could be offset against the last 2 years loss of income. |
 More Pressure...!
ERBIL — US Congressman Joe Wilson has called on the US Treasury to impose sanctions on Iraq's Rafidain Bank, alleging its involvement in laundering billions of dollars for pro-Iran militias in Iraq.
In a post on X, Wilson also accused Iraq's Finance Minister, Taif Sami, of withholding salaries from civil servants in the Kurdistan Region, stating, "No more delay by @USTreasury to sanction Iraq’s Rafidain Bank – laundering billions for Iraqi militias while Iraq’s Minister of Finance @Alltyf_ is starving Iraqi Kurds and not paying their salaries. This must end. Trump will fix it."
The Rafidain Bank, one of Iraq's oldest financial institutions, has faced scrutiny in the past over allegations of financial irregularities. However, specific details regarding its purported involvement in money laundering for militias remain unsubstantiated at this time.
The Kurdistan Region has experienced intermittent financial disputes with the federal government in Baghdad, particularly concerning budget allocations and salary payments for public servants.
Recently, talks aimed at resuming oil exports from the Kurdistan Region were postponed due to unresolved financial disputes. Negotiations between the Iraqi Oil Ministry and oil companies have been hindered by disagreements over payment mechanisms and debt repayments, further straining relations between Erbil and Baghdad.
Wilson's remarks underscore ongoing concerns about financial governance in Iraq and the complex dynamics between the federal government and the Kurdistan Regional Government. As of now, neither the US Treasury nor Iraqi officials have publicly responded to Wilson's comments.
hxxps://www.basnews.com/en/babat/877622 |
Chinese Consul General in Erbil Liu Jun Pays a Courtesy call to H.E. Masrour Barzani, Prime Minister of the Kurdistan Regional Government
Updated: MARCH 10, 2025 00:46
（From Chinese Consulate General in Erbil）
On March 9th 2025, Consul General Mr. Liu Jun paid a courtesycall to H.E. Masrour Barzani, Prime Minister of the Kurdistan Regional Government. They conducted a comprehensive review of the fruitful achievements made in cooperation and exchangesbetween two sides over the past year, particularly commending the substantial progress in economic collaboration, trade facilitation, investment partnerships, and cultural exchanges that have significantly strengthened people-to-people connectivity.
Looking ahead, both sides reaffirmed their commitment to deepening the comprehensivecooperation in various fields and exchanged views on a shared vision for future collaboration.
The latest development of the regional situation was also discussed during the meeting. |
https://shafaq.com/en/Economy/BP-pumps-25B-into-Iraq-s-Kirkuk Shafaq News/ British energy giant BP will invest about $25 billion to redevelop four oil and gas fields in Iraq's Kirkuk under a long-term contract to boost production and support local energy infrastructure, an Iraqi oil expert revealed on Monday."The agreement with Iraq's Ministry of Oil is expected to help revive output at the North Oil Company, which has struggled since the 2014 ISIS insurgency and subsequent stagnation," oil expert Ali Khalil told Shafaq News, adding that the contract will also contribute to the development of the North Gas Company and the construction of solar-powered power stations.Khalil said BP's investment is intended to increase crude oil production from the Kirkuk fields by about 150,000 barrels per day (bpd), targeting a total capacity of at least 450,000 bpd within two to three years.According to the expert, Kirkuk's oil output has seen sharp declines over the years. Between 2005 and 2010, production ranged from 600,000 to 725,000 bpd, with around 500,000 bpd exported to Turkiye's Ceyhan port. By 2014, production had fallen to 400,000-500,000 bpd, dropping further to 250,000-325,000 bpd in the following years due to reduced well productivity."BP's deal, structured as a profit-sharing agreement lasting over 25 years, will allow the company to recover costs and start generating profits once production surpasses current levels," Khalid noted, emphasizing that the partnership will also focus on rehabilitating production facilities and expanding natural gas development to support Iraq's domestic energy needs.The contract, set to take effect in the coming days, includes the redevelopment of the Baba and Avana domes, Bai Hassan, Jambur, and Khabbaz oil fields. It also covers improvements to the North Gas Company's infrastructure, Iraq's largest state-owned gas firm, which supplies power plants with fuel.BP, which was part of the consortium that discovered oil in Kirkuk in the 1920s, previously signed a letter of intent in 2013 to study the Kirkuk fields' development, but the plan was suspended in 2014 after ISIS took control of parts of northern and western Iraq.Earlier, Iraq's Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul-Ghani called the deal a "major achievement" for both Iraq's oil sector and BP after years of stagnation. |
I saw this on X https://x.com/JayWisdom12/status/1899212702691610936 |
The Iraq Turkey pipeline deal expires in September. Once it's expired the Kurds can deal directly with Ankara. They won't need Baghdad |
If the Deputy Finance Minister has given up on Baghdad perhaps Kurdistan should too. |
Let,s hope so |
Every 10m bucks declared in dividends = 3.5 p per share......#GKP #gkptakeover Will @Gulf_Keystone FY week ThursdayDeclare 10.5p /14 p or if $150m arrears land 60p dividend?Will they explain "imaginary" buyback program??And extend it ?Will they come clean , rgds sale process they have been in for 18 months +Soon find out. |
Started with 6 point spread lolNow 3 point. |
What makes you think September will be better ? |
Might as well wait till September if this means more certainty of payment |
Not suprised
Billions lost, power gone: Iraq's energy crisis explodes
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Billions lost, power gone: Iraq's energy crisis explodes
2025-03-09 09:30
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Shafaq News/ Iraq, one of the world's largest oil producers, has long relied on petroleum for its economy and energy sector. However, this dependence has left the country vulnerable to economic volatility and energy insecurity, particularly due to its reliance on imports to meet domestic electricity demand.
Power Play: Iraq’s Energy Reality
Despite vast oil reserves, Iraq struggles to generate enough electricity due to inefficiencies in energy production and transmission. Oil remains Iraq’s primary energy source, accounting for most of its exports and domestic consumption, with the country producing about 4.5 million barrels per day in 2023, positioning it as one of OPEC’s top producers.
Natural gas serves as a secondary energy source for electricity generation, but Iraq wastes a significant portion due to inadequate infrastructure. In 2022, Iraq flared over 630 billion cubic feet of gas, making it the world’s second-largest gas-flaring country, contributing to both resource waste and environmental pollution.
This inefficiency has led to Iraq's heavy reliance on energy imports, particularly from Iran, making the country vulnerable to geopolitical tensions and international sanctions. In addition, Iraq has pursued limited energy imports from Jordan, providing approximately 150 megawatts of electricity, while Qatar has been identified as a potential supplier of liquefied natural gas (LNG), though the necessary import infrastructure is still under development. |
The sad old fart Watkins is out with another piece - 'Russia to resume operations in Iraqi Kurdistan'. |
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Kurdistan Region Prime Minister Masrour Barzani reaffirmed Kurdish claims over disputed territories in a visit to Peshmerga forces and Kurdish farmers in Kirkuk on Monday, calling the areas "occupied" rather than disputed. |
So true John . As The Don would say ' Its going to be so so beautiful ' . |
One part of me wants it and the other part wants the Final Divi before lift off. If it lifts before or we don't see another divi so be it: ) |
The market is feeling the tension here. An announcement could literally come any time now and no one wants to be out when it hits. |
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