Gulf Keystone Petroleum Share Discussion Threads

[kevc67] 05/12/2024 12:02

Oil price falling? Could this be down to Kurd pipeline reopening?

[redbed] 05/12/2024 11:29

2:30 in Baghdad

[fardels bear] 05/12/2024 11:24

26 posts in four years and then last two were identical. You'll not be getting much of a Christmas bonus

[elbigbear] 05/12/2024 11:10

Too many filthy animals here.

[confused _gerbill] 05/12/2024 10:25

Lots of automatic trades going through this morning.

[redbed] 05/12/2024 10:19

They are HEDGE fundsThey won't be naked short.... Lol.They have been building stakes pre the most obvious incoming takeover in stock market history

[oilermam] 05/12/2024 10:03

I was wondering when the last of the shorts might close. They're still open and one must assume they are closer to the action and have an inkling of what is really going on. Maybe they will close soon.

[pittcock] 05/12/2024 10:00

I assumed it would spike so set a buy order this morning for 146 which was filled, now down on the trade lol

[pittcock] 05/12/2024 09:59

Letting the shorts out. They will take a hit anyway.

[shortsqueezer] 05/12/2024 09:56

One last push down attempt before the voting?

[beernut1] 05/12/2024 08:33

This from yesterday

Iraqi PM acknowledges ongoing revenue and customs issues with Kurdistan Region
Speaking after attending a session of the Iraqi Parliament, al-Sudani highlighted the financial challenges faced by the Kurdistan Region, noting that it requires 950 billion Iraqi dinars ($725.01 million) monthly to cover expenses.

15 hours ago
Iraqi Prime Minister Mohammed Shia al-Sudani. (Photo: INA)Iraqi Prime Minister Mohammed Shia al-Sudani. (Photo: INA)
Kurdistan
Mohammed Shia al-Sudani
Iraqi Parliament
Erbil-Baghdad relations
ERBIL (Kurdistan24) — Iraqi Prime Minister Mohammed Shia al-Sudani on Wednesday acknowledged that longstanding issues related to non-oil revenues, border crossings, and customs between Erbil and Baghdad remain unresolved.
Speaking after attending a session of the Iraqi Parliament, al-Sudani highlighted the financial challenges faced by the Kurdistan Region, noting that it requires 950 billion Iraqi dinars ($725.01 million) monthly to cover expenses. However, only 763 billion Iraqi dinars ($582.30 million) are currently available.
"Salary is not a political issue," al-Sudani emphasized, expressing hope that amendments to the budget law and the resumption of oil exports from the Kurdistan Region would help address the disputes.
The Iraqi Parliament convened on Wednesday to discuss four critical legislative items, including measures aimed at restarting oil exports from the Kurdistan Region. The resumption of these exports is seen as a pivotal step toward resolving financial disagreements between Erbil and Baghdad.
The unresolved issues have been a point of contention for years, affecting economic stability and the relationship between Baghdad and the Kurdistan Regional Government (KRG). Efforts to reach a comprehensive agreement have intensified amid ongoing financial constraints.

[beernut1] 05/12/2024 08:07

Today

Iraqi parliament debate about oil-exports from Kurdistan Region
On Thursday, the Iraqi Parliament will hold a second reading to the amendments of the budget bill for the article (13), paragraph or bond (C) which is related to oil-exports from the Kurdistan Region.

1 hour ago
Iraqi Parliament debate chaired by the Speaker, Al-Mashhadani. (Photo: Kurdistan 24)Iraqi Parliament debate chaired by the Speaker, Al-Mashhadani. (Photo: Kurdistan 24)
Iraq
KRG-Iraq
Iraqi Parliament Debate
Oil-exports from KR -Kurdistan Region
Civil Aviation Bill
National Intelligence Services
Dec. 5, 2024
ERBIL, Kurdistan Region (Kurdistan 24) – According to an announcement from the media office at the Iraqi Parliament, the debate of the parliament on Thursday, will hold a second reading to the amendments of the budget bill for the article (13), paragraph or bond (C) which is related to oil-exports from the Kurdistan Region.
The announcement showed the agenda for Thursday's session to include several more topics, for example to vote on the National Intelligence Services, as well as the vote on the first amendment to the passport bill.
Another topic is due to be about the second reading to the Iraqi Civil Aviation Bill.
The Iraqi Prime Minister Al-Sudani attended the parliamentary debate, on Wednesday, December 4th, 2024, in a closed session which was to discuss the amendments to the budget bill regarding oil-exports from the Kurdistan Region.

[beernut1] 05/12/2024 08:05

Just seen an article that said the Iraq parliament speaker had a majority to get in in August this year.
Gla

[shortsqueezer] 05/12/2024 07:26

Hope so. Should be a good day then.

[bang_gone] 05/12/2024 07:25

Majority surely.I think the vote is today.

[shortsqueezer] 05/12/2024 06:29

Does anyone know if the vote has to be unanimous or just a majority?

[highlander7] 05/12/2024 04:29

john@john78846295: 7h

PM #Sudani calls on Parliament to amend the budget law to address the #Kurdistan Region’s oil file.

"#Iraq bears a daily fine for not exporting #oil to #Ceyhan according to an agreement with the Turkish side."

[beernut1] 04/12/2024 22:07

As Habshans from Lse full article

Price: 146.70
No Opinion
RE: Iraqi PM acknowledges ongoing revenue and customs issues with Kurdi...Today 21:52


ERBIL — Iraqi Prime Minister Mohammed Shia’ al-Sudani on Wednesday urged parliament to approve amendments to the general budget law and stressed the need to resume oil exports from the Kurdistan Region, warning of growing financial strain from the prolonged suspension.

Speaking during a parliamentary session, Sudani highlighted the economic impact of stalled oil exports, emphasizing the urgency of resolving disputes over Article 14 of the budget law, which governs oil revenue sharing between Baghdad and Erbil.

“The longer the delay in the export of oil from the Kurdistan Region, the more we will suffer,” Sudani said, adding that an agreement had been reached to set the export price at $16 per barrel.

The prime minister also outlined the financial challenges facing the Kurdistan Regional Government (KRG), noting that while Erbil requires 950 billion Iraqi dinars monthly, only 763 billion dinars are currently available.

Sudani pointed to unresolved issues between Erbil and Baghdad over non-oil revenues, customs, and border points, urging parliament to back the proposed legal amendments to address these gaps. “The salary is not a political issue, and I hope the amendment to the budget law and oil exports will solve the problems between Erbil and Baghdad,” he said.

The session also covered other topics, including government reshuffles and the Syrian crisis, although details on the latter were kept confidential. Sudani confirmed plans for changes in six ministerial portfolios but did not elaborate on a timeline.

Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been halted since March 2023, following a Paris-based arbitration court ruling in favor of Baghdad against Ankara. The court found Ankara had violated a 1973 pipeline agreement by allowing Erbil to independently export oil starting in 2014.

The suspension has come at a heavy cost, with the Kurdistan Region’s Minister of Natural Resources estimating last month that the halt in exports has cost Iraq and the Region nearly $21 billion.

[bobgray51] 04/12/2024 21:22

There is definitely the sense that they just want to get this done now. Cautiously optimistic.

[habshan] 04/12/2024 21:17

Good work Bob, many thanks.

Would be great to get this put to bed before the weekend.

[habshan] 04/12/2024 21:14

Iraqi PM Urges Resumption of KRG Oil Exports.

ERBIL — Iraqi Prime Minister Mohammed Shia’ al-Sudani on Wednesday urged parliament to approve amendments to the general budget law and stressed the need to resume oil exports from the Kurdistan Region, warning of growing financial strain from the prolonged suspension.

Speaking during a parliamentary session, Sudani highlighted the economic impact of stalled oil exports, emphasizing the urgency of resolving disputes over Article 14 of the budget law, which governs oil revenue sharing between Baghdad and Erbil.

“The longer the delay in the export of oil from the Kurdistan Region, the more we will suffer,” Sudani said.

[bobgray51] 04/12/2024 21:10

Apparently the second reading AND vote will happen tomorrow.https://x.com/bnftrade/status/1864390446056628328?s=46

[shareho1der] 04/12/2024 20:44

House of Representatives is in the process of approving the amendment of Article 12 of the Budget Law during the current legislative session.Other draft laws to be moved to a future session.https://ina.iq/eng/36813-parliamentary-finance-satisfaction-and-optimism-about-the-government-programs-achievement-rate.html

[pittcock] 04/12/2024 20:30

Thanks Habshan