Jimcox. .......utter nonsense . Sinopec were never interested in GKP and Chevron have no interest either, afterall who would honestly want to buy this bag of shite. ...nobody with an ounce of sense. GKP share price will not have a sustained rise. ...quite the opposite.
It seems strange that a country like Iraq would need IMF loans. IMF loans are not for commercial reasons, they have a political element as well. Its one way to gain influence on decision making in the country.
Looks like Christine Lagarde is about to drop the next $5.4 Billion tranche into the hands of the usual suspects: The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Baku, Azerbaijan from January 15–19, 2017 ahead of the second review of Iraq’s 36-month Stand-By Arrangement (SBA) that the IMF Executive Board approved on July 7, 2016 ( See Press Release No. 16/321). The first review under the SBA was completed on December 5, 2016 (See Press Release No. 16/540). Mr. Christian Josz, Mission Chief for Iraq, issued the following statement: “The Iraqi authorities have made good progress on implementing economic reforms under the SBA. “The Iraqi authorities and IMF staff will hold discussions on the second review of the SBA in March 2017. “During the discussions, the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Deputy Finance Minister, Dr. Fadhil Nabee Othman, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministry of finance, the CBI, the ministry of planning, the ministry of oil, the State Oil Marketing Organization, the Central Statistical Office and representatives from the Kurdistan Regional Government. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” IMF Communications Department MEDIA RELATIONS
With all these highly qualified Dr.s in charge of Iraqi finances - one would hope that something could be cured in this heap of disease and lies. Where has the first 5.4B gone ? and why have we not been paid for our freewill contributions to their private accounts for Sep/Oct/Nov/Dec. Perhaps Miss Lagarde has been taken for a mug by the Experts we know so well ? She has no idea who she is dealing with obviously.
The oil companies have said they need regular payments in order to invest and boost their fields’ production. They’ve also asked to be paid back arrears for past oil sales. In the case of DNO, that amount stood at about $1 billion as of November, almost the size of the company’s market capitalization.
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