https://x.com/zoomnewskrd/status/1887155938185867756 The Kurdistan Region's Council of Ministers reaffirms its commitment to the federal budget law amendment and directs the Ministry of Natural Resources to coordinate with the federal Oil Ministry, Iraqi State SOMO, and international oil companies in Kurdistan to swiftly resume oil exports, with revenue transferred to the Iraqi treasury - statement |
I'm guessing the market is not up to date with events unfolding! |
"Additionally, prior financial settlements will be adjusted based on historical costs per barrel in accordance with clauses (a) and (b) of this Article. Subsequently, the Iraqi Ministry of Finance will transfer the required payments to the KRG."
Are we finally getting paid the arrears.
If so I dont understand the share price movement!! |
Good old Trumpy...not difficult to see why Prime minister was so keen to get the amendment passed. |
https://x.com/zoomnewskrd/status/1887100538895921328 The Kurdistan Region's Council of Ministers has approved resuming oil exports through Iraq's SOMO after the Iraqi Parliament's recent budget bill amendment. |
Re BPThe official said technical and economic negotiations were progressing well and final contracts could be signed in the first half of February and possibly by the end of this week.https://www.dailysabah.com/business/energy/bp-expected-to-invest-up-to-25-billion-in-iraqs-kirkuk-oil-gas |
Cheers TT. I saw it was heading to Aliaga but didn't have time to dig into what was there. Let's see if it does a return trip. |
S-Mates,
good spot SS, I watched Nissos Paros pirouete to the Azerbajani pier too. Drats.
Port Capri is reportedly off to Aliaga in Turkey, where there is a SOCAR Oil refinery.( SOCAR - State Oil Co.pany of Azerbaijani Republic).
Acc. to those changes in draught I make it she could be carrying around 25,000 tonnes or 175,000 barrels of some sort of cargo.
Nice to see the KRG Pier was in operation and the vessel arrived/loaded/departed without incident.
Plenty of other vessels a few hours away for as/when the export button gets pushed.
GLA-TT |
Lower volume day, yet they still manage to drag it down over 3% |
Shake before more news.Plenty of game changing news to come in short term imo.Revenues double when exports restart,based on similar terms to current PSC which IOCs will insist on.GLA |
Down 3% on trivial volume....Its squeezing final pips......Added 1020 more today.Think it will be my last buy hereA publically quoted company near its end |
Is this selling the news? |
Pongo, #NotHelping ... |
It's a little shaky this morning,
Watching progress from the playa at La Mata, bright sunshine, gentle lapping of the waves and 18c, just saying |
https://x.com/john78846295/status/1887082162320486672 OOTT#KRG Council of Ministers unanimously decided to start the procedures for oil exports at today's meeting, resuming oil exports from #Kurdistan. |
Looking like a red day today. I suspect little doggie might be feeling a bit brave and make an appearance to tell us how stupid we all are. |
Ceyhan, Turkey
ATA: Feb 5, 08:16 UTC ARRIVED
NISSOS PAROS
Current draught 8.0 m
Navigation Status Moored
Position received
26 min ago
IMO / MMSI 9592290 / 241212000
Callsign SVBP3
Flag Greece
Length / Beam 249 / 44 m |
 https://www.kurdistan24.net/en/story/823253 ERBIL (Kurdistan24) The Kurdistan Regional Government's (KRG) Council of Ministers is scheduled to convene on Wednesday, under the leadership of Prime Minister Masrour Barzani.The Deputy Prime Minister Qubad Talabani is also attending the meeting.The meeting is set to address critical issues related to the region's financial structure, budget management, and the resumption of Kurdistan's oil exports, signaling a pivotal moment in the region's economic policy.Financial Stability and Budget PlanningOne of the primary agenda items is a comprehensive discussion on the Kurdistan Region's financial framework, with a focus on restructuring revenues and expenditures to ensure greater fiscal responsibility.The Council will deliberate on five key financial aspects:Reorganization of Financial Status Streamlining revenues, expenditures, staffing, and the overall public employment sector.Employment and Budgeting for 2025 Approving and formalizing the number, ranking, and associated expenses of all KRG employees for the 2025 fiscal year.Pension Transfers and Military Entitlements Endorsing procedures for the transfer of pensions for Peshmerga forces, internal security units, and the families of martyrs and Anfal victims to the General Directorate of Pensions within the Ministry of Finance.Expenditure Management Enforcing strict limits on operational and investment expenditures to maintain fiscal discipline.Digitalization of Payroll System Enhancing transparency through the digitization of salary records and a comprehensive review of financial balances.Oil Export Resumption and Revenue AllocationThe Council of Ministers is also set to discuss the significance of an amendment to Article 12 of the Federal General Budget Law, facilitating the resumption of the Kurdistan Region's oil exports.This decision is expected to stabilize economic conditions and bolster the region's financial autonomy amid ongoing negotiations with Baghdad.Additionally, discussions will be held regarding the reorganization of domestic revenues, determining the share allocated to various ministries, and outlining procedures for transferring the Kurdistan Region's financial obligations to the federal treasury.Strategic Economic MeasuresThe meeting underscores the KRG's ongoing efforts to implement financial reforms, enhance budgetary discipline, and secure economic stability.With digital transformation initiatives in payroll systems and the resumption of oil exports, the government aims to foster transparency and efficiency in governance.These steps are expected to play a crucial role in ensuring long-term economic sustainability for the Kurdistan Region.As the KRG continues to navigate fiscal challenges, today's discussions mark a decisive step towards greater financial responsibility and economic resilience, reflecting the government's commitment to advancing structural reforms in the region. |
https://x.com/111notout1/status/1886900565583782107?s=61&t=EEAJRmerpfLiAmForyb8Dw |
Nissos Paros approaching Ceyhan. 2hrs ago. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
