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Gulf Keystone Petroleum Share Chat (GKP)

Share Price: 4.90Bid: 4.90Ask: 4.96Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.06Spread as %: 1.22%Open: 4.96High: 4.96Low: 4.90Yesterday’s Close: 4.90

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Posts: 815
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Opinion:No Opinion
From CCC on iii
Today 18:33

GLOBAL ENERGY NEWS | Sat Aug 27, 2016 5:22pm IST
Exclusive - Iraq plans to sell oil through Iran if talks with Kurds fail
By Stephen Kalin | BAGHDAD

Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.

Iraq's State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly next week, about Iraqi oil exported through Turkey, Deputy Oil Minister Fayadh al-Nema said in an interview on Friday evening.

"If the negotiations come to a close" without an agreement "we will start to find a way in order to sell our oil because we need money, either to Iran or other countries", he said by telephone.

Iraq, OPEC's second-largest producer after Saudi Arabia, depends on oil sales for 95 percent of its public income. Its economy is reeling under the double impact of low oil prices and the war against Islamic State militants.

The Kurdistan region produces around 500,000 barrels per day (bpd) on its territory and exports those volumes via Turkey. Baghdad would not be able to reroute those volumes to Iran but could order shipments of some 150,000 bpd via Iran that are being produced in the nearby province of Kirkuk.

An agreement between Iran and Iraq could function in a similar fashion as oil-swap deals Tehran has had with Caspian Sea nations, according to an oil official who asked not to be identified.
Posts: 815
Off Topic
Opinion:No Opinion
Today 18:30
Have a re-read...
Do I need to say more...
@aljazeera @AP@BBCWorld@FoxNews@nytimes@Reuters@skynews

IS GKP failure Market manipulation or corruption, ponzi scheme or worse. Dual passport holders + MP?
Posts: 373
Off Topic
Opinion:No Opinion
small cap
Today 09:10
all crap gkp rpt hawk solo skr rubbish share buy lrd inch l&g and make gains
Posts: 95
Opinion:No Opinion
RE: today
Fri 20:46
Sam Wahab, never mentions the corruption, is this because Cantor also benefit from this?
Posts: 1,643
Opinion:No Opinion
Kurdish Journalist Abducted, Killed
Fri 11:43
Posts: 7,563
Off Topic
Opinion:No Opinion
RE: no message
Fri 10:33
Has been for about 5 years now.

Shit company, no friends?
Posts: 3,663
Off Topic
Opinion:No Opinion
no message
Fri 10:22
Its 10.20 no post on here . Is it a news black out ?
Posts: 7
Off Topic
Opinion:No Opinion
UN to help end Iraqi corruption:
Fri 10:21
August 11, 2016 in Iraq Industry & Trade News, Security
The United Nations Development Programme (UNDP) and the Government of Iraq signed an agreement today in Baghdad to help strengthen the capacity of the Government to detect, investigate and prosecute high-profile and complex corruption cases.
The Prime Minister’s Deputy Chief of Staff, Mr. Naoufel Al-Hasan, said:
“Ending impunity is at the center of our reform agenda. We have reached out to UNDP to provide technical assistance to strengthen our capacity to investigate and prosecute corruption cases.”
UNDP Resident Representative and UN Resident and Humanitarian Coordinator for Iraq, Ms. Lise Grande, said:
“UNDP stands ready to support the reform process in any way we can. Reforms are difficult and sensitive but with Daesh nearly defeated, strengthening governance is a top priority.”
Under the terms of the agreement, UNDP will recruit international investigators to help mentor and train Iraqi investigators. The lead investigator will be deployed within the Integrity Commission and Higher Judicial Council.
(Source: UNDP)

Good Luck to the Mighty UN then - but I fear they are hopelessly out-classed when taking on these professionals - the Camels have already bolted.
Posts: 266
Off Topic
Opinion:No Opinion
Continuosly closing at 5p
Thu 22:42
We keep on closing at approx 5p . If we are going to crash why are we still this high?

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