Gulf Keystone Petroleum Share Discussion Threads

[banksy] 16/4/2024 07:18

Let's get real. The pipeline is just not going to happen. Been closed for over a year and it's just part of Iraqs drive to close down Kurdistan's semi autonomous status.https://oilprice.com/Geopolitics/Middle-East/This-is-The-Death-Knell-For-Iraqi-Kurdistans-Independence.html

[beernut1] 16/4/2024 06:49

Desire to reopen pipeline

Joint Statement from the Leaders of the United States and the Republic of Iraq
HOME
BRIEFING ROOM
STATEMENTS AND RELEASES
Today, the President of the United States, Joseph R. Biden Jr., welcomed the Prime Minister of the Republic of Iraq, Mohammed Shia’a Al-Sudani, to the White House. The two leaders reaffirmed their commitment to the enduring strategic partnership between Iraq and the United States and discussed their visions for comprehensive bilateral cooperation under the 2008 U.S.-Iraq Strategic Framework Agreement. The President and Prime Minister agreed on the importance of working together to advance regional stability and reinforce and respect Iraqi sovereignty, stability, and security.

President Biden and Prime Minister Sudani affirmed that a diversified and growing Iraqi economy, integrated with the region and the global economic system, is the foundation for lasting stability in the region and prosperity for the Iraqi people. The two leaders exchanged views on how political, economic, and security cooperation between the United States and Iraq could advance shared goals, including the development of a strong and stable Iraqi nation that promotes peace and progress throughout the broader Middle East.

Energy and Environment

President Biden applauded Iraq’s progress towards energy self-sufficiency, and the two leaders discussed Prime Minister Sudani’s interest in future opportunities for cooperation to ensure Iraq becomes self-sufficient by 2030, with help from U.S. companies. President Biden affirmed continued U.S. support for Iraq’s efforts to modernize its energy sector, reduce methane emissions, improve public health, more reliably provide electricity for the Iraqi people, and complete the electrical grid connections with neighboring countries, including the ongoing efforts to connect Iraq’s grid with Jordan and GCC countries. The two leaders discussed future plans to develop Iraq’s resources in a manner that ensures all Iraqis benefit from their country’s natural wealth, consistent with Iraq’s constitution.

Prime Minister Sudani and President Biden affirmed the importance of ensuring Iraqi oil can reach international markets and expressed their desire to reopen the Iraq-Turkiye Pipeline.

Regional Integration and Political Cooperation

President Biden reaffirmed U.S. support for Iraq in strengthening relations with the international community and states of the region to ensure security, stability, and enhanced prosperity for its peoples. President Biden pledged continued U.S. support for greater economic integration of Iraq with the Middle East region.

President Biden and Prime Minister Sudani discussed their shared view that the Iraqi Kurdistan Region (IKR) is integral to Iraq’s overall prosperity and stability. In that vein, the President commended the Prime Minister’s and Kurdistan Regional Government’s (KRG) efforts to reach durable agreements that resolve longstanding challenges, including the recent arrangement to pay two months of KRG civil servant salaries, and encouraged continued progress. The President also affirmed U.S. support for strengthening democracy in Iraq, including free, fair, and transparent regional elections in the IKR.

Economy and Finance

President Biden and Prime Minister Sudani discussed Iraq’s progressive efforts to reform the financial and banking sector to connect Iraq to the international economy and increase trade while shielding the Iraqi people from the harmful impacts of corruption and money-laundering. Through 2023 and 2024, banks in Iraq have expanded their correspondent relationships with international financial institutions to enable trade financing, with the majority of trade finance now occurring through these channels. The two leaders affirmed the importance of these and other measures to improve the investment climate in Iraq to attract foreign capital and promote economic growth. The United States and Iraq commit to strengthen their cooperation to achieve greater transparency and collaboration against money-laundering, financing terrorism, fraud, corruption, and sanctionable activity that could undermine the integrity of both countries’ financial systems. The two sides also committed to support the Central Bank of Iraq to fully wind down the wire auction mechanism by the end of 2024 and transition to direct correspondent relationships between Iraqi and international banks, a transformation that will connect Iraqi people and businesses with the international economy.

[furenstaurus] 16/4/2024 05:53

https://x.com/richy75015/status/1779947404847956412?s=61&t=EEAJRmerpfLiAmForyb8Dw

[luckyclicker] 16/4/2024 05:06

https://channel8.com/english/12970#:~:text=Turkish%20President%20Recep%20Tayyip%20Erdogan,to%20Iraq%20in%2012%20years.

[luckyclicker] 16/4/2024 05:05

Erdogan is scheduled to meet with Biden in the US on May 9.

[luckyclicker] 16/4/2024 05:05

Turkish President Recep Tayyip Erdogan is set to visit the Kurdistan Region and Iraq next week for talks with senior officials from both sides.According to the Turkish newspaper the Daily Sabah, Erdogan will arrive in Baghdad on April 22 for his first official visit to Iraq in 12 years.Although it has not yet been officially announced, Erdogan is also expected to visit the Kurdistan Region to meet with senior officials.

[highlander7] 16/4/2024 05:00

john @john78846295: 6h

Joint Statement on the U.S.-Iraq Higher Coordinating Committee
two sides stressed the importance of resuming #oil exports via the #Iraq #Turkiye Pipeline (ITP

[luckyclicker] 16/4/2024 04:46

April 15, 2024The Association of the Petroleum Industry of Kurdistan appreciates President Biden and Prime  Minister Sudani's emphasis on swiftly restoring exports through the Iraq-Türkiye pipeline, during their  White House meeting. APIKUR remains ready to immediately continue discussions with Government of Iraq and Kurdistan  Regional Government officials to restore exports through the ITP, while preserving sanctity of current  fiscal terms, and ensuring surety of past and future oil payments through formal written agreements. We wish Prime Minister Sudani, and his delegation, continued success throughout their United States visit. "The $10 billion in investments made by APIKUR member companies in Iraq's Kurdistan Region oil  and gas sector helps achieve Iraqi Prime Minister Mohammed Shia Al-Sudani's economic and energy  goals expressed during his meeting with President Biden at the White House," said Myles B. Caggins  III, APIKUR spokesman. "APIKUR member companies are intensely focused on cooperating with  Government of Iraq and Kurdistan Regional Government officials to resume oil exports through the  Iraq-Türkiye pipeline as soon as possible." 

[luckyclicker] 16/4/2024 04:45

https://www.rudaw.net/sorani/kurdistan/1504202418

[luckyclicker] 16/4/2024 04:45

US Secretary of State Anthony Blinken has called for the resumption of oil exports from the Kurdistan Region. This will affect the work of oil companies in the Kurdistan Region," Dylan Ghafoor, chairman of the Iraqi parliament's foreign relations committee, told Rudaw Iraq."The main problem is the financial entitlements of oil producing companies in the Kurdistan Region, the law based on the criteria of the Federal Oil Ministry to pay the entitlements, which is about $ 7 per barrel, while this cost in the Kurdistan Region is about four times. Dylan Ghafoor said the Iraqi prime minister said he had handed over the issue to one of his advisors and there are two solutions to resolve the issue of suspending oil exports from the Kurdistan Region, namely amending the Iraqi budget law, or amend the oil contracts.  

[mmt1] 16/4/2024 02:32

Gazebo79: maybe - we are all hoping....

[gazebo79] 15/4/2024 22:52

Well we know where tberes a $h#t load of everthing.hopefully not dead before pay day. Need to fast track this now

[eddie47] 15/4/2024 22:45

The following statement was released by the Governments of the United States of America and the Republic of Iraq.Begin text:The delegation of the Republic of Iraq, led by Deputy Prime Minister and Minister of Planning Mohammed Tamim, and the delegation of the United States Government, led by Secretary of State Antony J. Blinken, co-chaired a meeting of the Higher Coordinating Committee today, April 15, in accordance with the 2008 U.S.-Iraq Strategic Framework Agreement.  The two sides reaffirmed the importance of the bilateral partnership and Iraq's critical role in regional security and prosperity.  The delegations expressed the desire to expand the depth and breadth of the relationship between our two countries, including in the areas of energy independence, financial reform, services for the Iraqi people, strengthening democracy and the rule of law, and enhancing educational and cultural relations.  Representatives from Iraq's Kurdistan Regional Government also participated.The U.S. and Iraqi delegations shared the view that Iraq has the potential to harness immense natural gas resources, invest in new energy infrastructure and renewables, and achieve energy self-sufficiency by 2030.  The United States commended Iraq for its progress on gas capture and work on commercializing associated gases.  Significant gas potential in the Iraqi Kurdistan Region (IKR) is a key component of Iraq's energy security, as is increased private sector investment.  To allow Iraq to benefit from the U.S. private sector's leading technology and expertise, the United States and Iraq announced the signing of new memoranda of understanding (MOUs) to capture and process flared gas and turn it into usable electricity for the Iraqi people.  Also, the two sides stressed the importance of resuming oil exports via the Iraq-Turkiye Pipeline (ITP).

[bigdog5] 15/4/2024 22:31

Had it confirmed that there is another pipe have we:-)

[jackpotjack] 15/4/2024 21:49

Nice work tanker ted!

[theythinkitsallover] 15/4/2024 21:11

#Blinken called his meeting with the #Iraqi PM 'excellent'.

"We had a wonderful meeting with the #Sudanese".

[theythinkitsallover] 15/4/2024 21:11

#Blinken to #Iraqi delegation: #Kurdistan oil must be exported again.

#Iraqi PM said one of his advisors is leading on the mater and there are 2 solutions, amending the budget law or the oil contracts.

[worldquant] 15/4/2024 19:48

#GKP #gkptakeoverI understand shareholders particularly shorter term excitement that breakthrough nearby rgds Exports restart.Real opportunity here is not tens of %, but thousands %, the company has clearly agreed a sale TBA well before AGM in June

[mmt1] 15/4/2024 19:42

hangthedj: possible 2nd export route confirmed :)

[petebreeze37] 15/4/2024 19:39

Hi tanker, nice to hear from You again.

[tankerted] 15/4/2024 19:30

JPJ,
ship spotting hasn't stopped. Eyes are on - the distant horizon...