Gulf Keystone Petroleum Share Discussion Threads

[justiceforthemany] 28/11/2024 15:56

UK now working closely with Iraq on immigration. Separate payments for KRG.

[bigdog5] 28/11/2024 15:49

But Queen lemming sarah said that Kirkuk was finished scotty snowflake, lol. Just like you said the pipe will open in a couple of days or soon!!

There is the other pipe that you all seem to be forgetting that Kirkuk can use!!

Also there will be different terms for different companies and fields simply because of the varying quality of oil and costs.

So is it likely that those that are happy with their terms won't sign all because others are unhappy, lol.

There's the good quality oil and then there's the heavy stuff. Now why would anyone set the same value to them both, lol.

[johnbuysghost] 28/11/2024 15:44

Diamondandpearls seems quite desperate to tell lies today.

[shortsqueezer] 28/11/2024 15:35

Anyway one dissenter doesn't make a revolt !

[highlander7] 28/11/2024 15:34

Its the budget PROCESS he is complaining about. Not the KRG budget amendment.

[diamondandpearls] 28/11/2024 15:30

And there you have a complete Sh!t show.
Nothing will happen now till next year now.
And a few more meetings and delays on top of that and we're in March. So let's say May and then time has run out for iraq. I have been saying this along they will never agree on oil issues amongst themselves.
Local sales for another 10 months then maybe export will happen.
There wasn't enough brown envelopes full today and will never be. Iraq closing the pipeline was to suppose to ruin the Kurdistan economy. But it didn't as oil always finds away to market. Now all iraq have is to make kurdistan frustrated with all this useless nonsense.
Happy to hold when it accually happens.

[diamondandpearls] 28/11/2024 15:25

And there you have a complete Sh!t show.
Nothing will happen now till next year now.
And a few more meetings and delays on top of that and we're in March. So let's say May and then time has run out for iraq. I have been saying this along they will never agree on oil issues amongst themselves.
Local sales for another 10 months then maybe export will happen.
There wasn't enough brown envelopes full today and will never be. Iraq closing the pipeline was to suppose to ruin the Kurdistan economy. But it didn't as oil always finds away to market. Now all iraq have is to make kurdistan frustrated with all this useless nonsense.
Happy to hold when it accually happens.

[beernut1] 28/11/2024 15:05

Kurdish delegation arrives in Baghdad to discuss employee salaries
Kurdistan
Erbil
Breaking
Baghdad
Salaries
Kurdistan Regional Government
Kurdish delegation arrives in Baghdad to discuss employee salaries
2024-11-28 14:36


Font
Shafaq News/ On Thursday, a delegation from the Kurdistan Regional Government (KRG) Ministry of Finance and Economy arrived in Baghdad to discuss the issue of Regional employee salaries.
The issue of salaries for Kurdistan’s civil servants has long been a complex challenge. KRG has grappled with a severe financial crisis, worsened by the suspension of its oil exports in March 2023 following a court ruling on a dispute between Iraq and Turkiye.
In September 2024, high-level delegations from Baghdad and Erbil met to address unresolved issues, including salaries. While Baghdad has since disbursed salaries to KRG employees, delays remain frequent, leaving the Region reliant on local revenues and its disputed 12.6% federal budget allocation.

[milliecusto] 28/11/2024 15:04

Maybe delayed now till year end

[bigdog5] 28/11/2024 15:03

Now then sarah, you appear very agitated. It would seem that you are very mixed up about the BS you've posted so I'll remind you. You, scotty snowflake and a few others have always maintained the PSC's would be honoured and nothing would change!! The NEW contracts will be much more towards TSC's whatever name is attached to them. A few of you have said there would be even better terms offered!!! That won't happen.

I have never said the $6 is set in stone, just that it was on the table at the time.

Baghdad are in control and the PSC's are deemed illegal by them which is why they're being altered and Epicur know they got to accept the alterations.

None of you ramping idiots have managed to get any of your predictions correct ever. You all said Erbil wouldn't concede, they have. They've got to hand over the oil to get their portion of the budget. Baghdad have insisted on bank accounts being set up to ensure there are no "bogus" recipients.

Baghdad have requested to see ALL the details of the PSC's but that has happened. So that's why an Independent company has been requested to look at all the individual producers costs of production, transport, etc. If no agreement is reached then Baghdad make the decision.

As for BP at Kirkuk there is another pipe that is available as has been mentioned many times.

You really need to calm down sarah and start to accept the reality of the situation rather than inventing BS in trying to get tick ups from your lemmings.

[beernut1] 28/11/2024 14:49

Iraqi lawmaker criticizes government's budget law submission, calls for revisions
Iraq
Breaking
Budget Law
Iraq Parliament
Mustafa Al-Karawi
Iraqi lawmaker criticizes government's budget law submission, calls for revisions
2024-11-28 13:00


Font
Shafaq News/ On Thursday, a member of the Iraqi Parliament's Finance Committee, raised concerns over legal and constitutional violations in the government's submission of the 2023 federal budget law to the legislature.
In an interview with Shafaq News, Mustafa al-Karawi highlighted discrepancies in the submission process, noting that “Article 77, Section 2 of the 2023 federal budget law (the three-years budget law) mandates the Cabinet to submit the budget tables before the end of the fiscal year. However, only one amendment—regarding the cost of oil extraction in the Kurdistan Region—was submitted, rather than the complete set of required budget tables.”
"This failure to submit the tables on time constitutes a legal and constitutional violation," al-Karawi said. "Moreover, if the government proceeds with amendments to specific provisions, there are numerous items that require revision to address injustices and ensure fairness for various segments of society."
During a parliamentary session on Tuesday, al-Karawi stressed that the committee had noted these concerns during the first reading of the amended budget law, confirming that they are working to amend the budget law, which will then be sent back to the government for a comprehensive revision that aims to better serve the needs of the entire population and address the issues in the previous budget.

[1waving] 28/11/2024 14:41

.
An interesting take on Trump's first day in office, Jan 20th, executive order relating to his "drill baby drill" policy.

From The Gateway Pundit today.

4. Increase U.S. Fossil Fuel Production Through Drill, Baby, Drill!
Two pledges the President has made to instate on day one: mass deportations and Drill, Baby, Drill!

The latter, which became a staple all throughout President Trump’s 2024 campaign, would tap into America’s sprawling reserves of liquid gold – which have been disgracefully bottled up for years now due to scams like the “Green New Deal” that have made the United States more dependent and vulnerable on foreign exporters like Saudi Arabia.

All of that could come to a crashing halt on January 20th, if the President signs an executive order that unleashes America’s fracking potential by reversing Biden and Obama-era restrictive regulations on federal lands and waters, expediting permits, and potentially offering tax incentives.

He can also ask his Interior Secretary to expand leasing programs for oil and gas exploration on federal lands.

What is more, the President will surely resume projects like the Keystone XL pipeline, and direct agencies – like the Department of Energy – to prioritize fossil fuel projects with aggressive timelines for lease sales and permit approvals.

The goal has always been to not only make America energy independent, which Donald Trump achieved in spades during his first term, but energy dominant.

No more reliance on foreign adversaries, like Russia and the Middle East, while needlessly crimping our own domestic reserves, which are the greatest of anywhere in the world.

Instead, Donald Trump will unleash America’s energy might – which are poised to launch, along with his tariffs, a newfound golden age of prosperity and innovation.


-----------------------

.A burning question
How is the $16 treated when the oil price goes to lows such as £20 - $30 ?

Is the $16 fixed or variable ?

.

[arcadian] 28/11/2024 14:40

H7
"Why would AKIPUR allow its members to be divided by the ICG ? That would defeat its purpose. It wont . These people are not naive"


Because this is The Middle East and the IRG wants its own way and is determined to crush Kurdistan and its people. Billions have been lost to this cause

I do hope that you are right

[habshan] 28/11/2024 14:32

"Why would AKIPUR allow its members to be divided by the ICG ? That would defeat its purpose. It wont . These people are not naive."

I don't think they'll allow themselves to be divided either and no they're certainly not naive.

But we have to accept that in theory the possibility is there.

They are businessmen with a responsibility to their own shareholders both institutional and private and they would be under enormous pressure if they were offered the opportunity to restart their exports with favourable terms thus doubling their profits and being able to get back to developing their fields and pay their shareholders increased dividends.

Would or could a CEO say no thanks we'll carry on selling into the local market at $35 a barrel because one of our number isn't happy, what would his shareholders say about that, his legal duty is to his own shareholders not the shareholders of other companies.

I don't think it'll happen but when the amendment get's approved we'll be entering a phase where the IOCs will be in sight of the finishing line, they'll be negotiating their own interests and their own deals and will just want to get back to doing what they are there to do and start drilling wells again.

Their minds and the minds of their shareholders will turn to their own interests and that includes us.

It's business.

[paul4742] 28/11/2024 14:27

Shafaq News/ On Thursday, a member of the Iraqi Parliament's Finance Committee, raised concerns over legal and constitutional violations in the government's submission of the 2023 federal budget law to the legislature.
In an interview with Shafaq News, Mustafa al-Karawi highlighted discrepancies in the submission process, noting that “Article 77, Section 2 of the 2023 federal budget law (the three-years budget law) mandates the Cabinet to submit the budget tables before the end of the fiscal year. However, only one amendment—regarding the cost of oil extraction in the Kurdistan Region—was submitted, rather than the complete set of required budget tables.”
"This failure to submit the tables on time constitutes a legal and constitutional violation," al-Karawi said. "Moreover, if the government proceeds with amendments to specific provisions, there are numerous items that require revision to address injustices and ensure fairness for various segments of society."
During a parliamentary session on Tuesday, al-Karawi stressed that the committee had noted these concerns during the first reading of the amended budget law, confirming that they are working to amend the budget law, which will then be sent back to the government for a comprehensive revision that aims to better serve the needs of the entire population and address the issues in the previous budget.

[nestoframpers] 28/11/2024 14:23

Kadhmani was meant to have been ok ! Pmsl.

[highlander7] 28/11/2024 14:05

Ducks starting to line up ?

[highlander7] 28/11/2024 13:56

Why would AKIPUR allow its members to be divided by the ICG ? That would defeat its purpose. It wont . These people are not naive.

Then it is perfectly practical/normal to provisionally agree and sign up to new ICG profit sharing contracts without committing to production costs. All it needs is a single legal paragraph ending in HOLD.

It sounds to me as if the ICG want this done. Probably BP breathing down their necks (as Habshan has identified) because BP want this Kirkuk deal wrapped up by February 2025.

In other words the Kurds ( and AKIPUR) have 4 aces.

[arcadian] 28/11/2024 13:50

Before that grand and glorious end to our existence there are a few matters which need sorting, without which no deal could proceed ( even if there were one).

[bang_gone] 28/11/2024 13:35

#gkp #gkptakeover ?Bermuda M+A often involves both parties entering a sales implementation agreement ( in private) year or two ahead of completion.It allows both sides to agree all conditionality/precedents pre sale completion.Here two the buyer?s requiredhttps://x.com/111notout1/status/1861644829341384804?s=61&t=EEAJRmerpfLiAmForyb8Dw