Gulf Keystone Petroleum is an independent oil and gas exploration and production company. It was founded in 2001 by UAE, Kuwaiti, Saudi and US private equity. It is now operated in the Kurdistan Region of Iraq.
An important line from this report for differing reasons....."Russia, which 15 years ago failed to deliver on promises to cut in tandem with OPEC, is expected to perform real output reductions this time. But analysts question whether many other non-OPEC producers are attempting to present a natural decline in output as their contribution to the deal"
Firstly Rosneft recent deal in which Qatar bought in to it. and secondly and more importantly the decline in natural output due to… Read More
“Implementation of the budget-sharing agreement with the Kurdistan Regional Government would put both the federal government and the Kurdistan Regional Government in a better position to address the shocks to the Iraqi economy.”
Iraqs stand-by arrangement As part of the completion of the first review, the Board also approved Iraq’s request for a waiver for the non-observance of the continuous ceiling on new external arrears, and request to modify performance criteria. The Board also approved the request for a waiver of applicability for end of September targets of four performance criteria on the floor on gross international reserves (GIR) of the Central Bank of Iraq (CBI), the ceiling on net domestic assets… Read More
IMF 07Dec16: - IMF disburses about US$617.8 million following completion of first review of Iraq’s reform program - CHICKENFEED, BUT A START, HOW MUCH WILL ERBIL SEE ?, HOW MUCH WILL WE SEE ? - The Board also approved the ceiling on the stock of outstanding arrears to international oil companies - OK, SO THE PHANTOM DEBT DOES OFFICIALLY EXIST - HOPE YOU KEPT RECORDS OF OUR PORTION + INTEREST DUE SAMI. - Following the Executive Board’s decision, Mr. Mitsuhiro Furusawa, Deputy… Read More
that "REMUNERATION" was the most prolific word in the AGM package ?
Exposes fully the underlying priority of our BoD that they would conciously divert hard-won PI contributions from the OO funds, and our erratic and dribbling monthly incomes - to squander several £M on a horrendously expensive External Consultants - to concoct a gushing justification of the fantasy that they will deserve ADDITIONAL rewards beyond their wildest dreams - for achieving WHAT ? exactly -… Read More
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