Gulf Keystone Petroleum Share Discussion Threads

[habshan] 29/5/2024 06:43

"An "urgent" meeting ? Thats new."

Indeed. Just 9 days ago Al-Sudani said this:-

OilPrice.com - “The companies refuse to amend, so the process stops at this point,” Al-Sudani said in a televised press conference on Sunday"

Now they want an urgent meeting to negotiate an immediate resumption of exports.

So what's changed that's so urgent.

[hydrocarbon1] 29/5/2024 06:38

H7-I said months ago that is what they should do, also should pay Kurd budget entitlement directly, we discussed it at the time.
Did not see that they have done any of it but great if so.

[highlander7] 29/5/2024 06:26

Kurdistan Watch:12h

The Iraqi Oil Ministry calls for an urgent meeting in Baghdad with the KRG and foreign oil companies to expedite the KRG oil export restart through the ‘Northern System,’ which may indicate export via the Kirkuk-Turkey pipeline.
==================================================================================

An "urgent" meeting ? Thats new.

Blinken has already warned them: no pipeline open = no aid money. Maybe they are starting to take him seriously.

[hydrocarbon1] 29/5/2024 05:47

Sorry, nothing has changed, how many times have we read - willingness co-operation-positivity etc etc etc.
Iraq, it seems, only goes along so far and the same old outcome every time $6.00 same as Iraq pay???? They have to appear as trying to keep Sleepy Joe happy.
I feel outcome will be"Iraq reiterates - Foreign oil Cos still unwilling to negotiate reasonably "
Hope I am wrong!

[highlander7] 29/5/2024 04:52

APIKUR@apikur_oil:🔴Yesterday,


APIKURE called for tripartite meetings with Government of Iraq and Kurdistan Regional Government officials.

Today, we acknowledge the swift, public response from Iraq’s Ministry of Oil and look forward to scheduling joint discussions to restore oil exports through the Iraq-Türkiye pipeline.

[milliecusto] 28/5/2024 22:08

Guys a crackpot, we are moved on from military invasion, to people in the shadows controlling Gkp, at least he moved away sludge and api

[milliecusto] 28/5/2024 22:06

BroadfordBayPosts: 1,090Price: 139.10No OpinionRE: Buy backsToday 17:19Perhaps we should be asking why the company did not invest in another businesss opportunity - not necessarily in O&G and not necessarily in the ME?Norwegian shelf, US Permian Basin, offshore Namibia...Was it in some way prevented from doing so, are there agreements in place with the KRG/MNR or even major investors who remain in the shadows that limit the board's freedom of actionThis guyIt smells of something, like a decomposing corpse

[whl2] 28/5/2024 21:27

Could see a perfect storm soon where shorters need to close out fast if that meeting initiates some form of an agreement between all parties and the company completing its share buy back programme.

[justiceforthemany] 28/5/2024 21:07

Whatever the difference in production cost recovery (whether $10 or $15) selling at $25 or at spot price $85 is a no brainer and transformational.

[scrwal] 28/5/2024 21:04

Looks like good news but there is likely to be a lot of brinkmanship now - one party now wants to resolve things quickly but the others may well say not so fast sunshine here are some tweaks if you are that desperate.
Not sure if we see a large price jump as it is still all talk and no solid agreements but there should be upward movement.

[worldquant] 28/5/2024 20:54

https://x.com/ipcastelblanque/status/1795543440270262507?s=61&t=EEAJRmerpfLiAmForyb8Dw

[justiceforthemany] 28/5/2024 20:49

Like the boy who cried wolf there's only so long the Iraqis can keep lying and blocking....

[worldquant] 28/5/2024 20:35

IWNWTBOOTT

[habshan] 28/5/2024 20:25

Well done all our newshounds for keeping the rest of us informed, outstanding teamwork, this board at it's best.

[justiceforthemany] 28/5/2024 20:20

Apikur have now confirmed this in a tweet.
Discussions imminent.
160p open?

[eddie47] 28/5/2024 20:19

Yesterday, @apikur_oil called for tripartite meetings with Government of Iraq and Kurdistan Regional Government officials. Today, we acknowledge the swift, public response from Iraq's Ministry of Oil and look forward to scheduling joint discussions to restore oil exports through the Iraq-Türkiye pipeline. apikur.uk/publications/a...

[habshan] 28/5/2024 20:14

Hi beernut, the ICG thought they were going to bypass the Kurds with their refurbished pipeline. The Kurds were never going to allow it.

They thought they could use the salary issue as a lever to apply pressure. Their own "Supreme Court" put paid to that.

They thought that by cutting off exports they could starve the KRG and IOCs of revenue. Kurdish production is now back up to full capacity.

Time is running out for them as the clock ticks down on the ITP agreement.

They've never challenged the PSCs in an International Court or tried to cancel them because they know they're legal.

Legally and Constitutionally their case is hopeless.

In Erdogan's visit last month he didn't give them ONE EXTRA DROP of water but secured 10 years and billions of dollars of work for Turkish companies to help them make better use of what he's already giving them.

They've got no cards left and have been sidelined, now it's them that's asking for an urgent meeting because they want exports restarted.

They've painted themselves into a corner and if they want ANY oil in the ITP the only avenue left open to them is to give APIKUR what they want.

APIKUR and the Kurds mustn't give an inch in the upcoming meeting, they need to keep tightening the screws.

Anyway, fingers crossed.

[beernut1] 28/5/2024 19:40

Well Habshan
What we discussed a couple of days ago about Kurdistan getting budget payments guaranteed and still no oil for Baghdad.
Maybe just karma.
Gla

[habshan] 28/5/2024 19:11

"In a statement released on Tuesday, the Ministry emphasized the need to align the export processes with existing agreements, specifically routing exports through the Turkish port of Ceyhan in compliance with the fixed quantities stipulated in the budget law."

So they've decided that they need to restart exports in "alignment with existing agreements".

I certainly can't see them convening this urgent meeting just to reiterate "nope it's $6 a barrel".

[mmt1] 28/5/2024 19:05

lets not forget, this lot like to talk..

they just never come to any agreement...

[shortsqueezer] 28/5/2024 19:04

https://shafaq.com/en/Iraq/Baghdad-calls-for-an-urgent-meeting-with-Erbil-to-resume-oil-production