Four bombs detonated at an oil pipeline in Kirkuk, northern Iraq, killing one and injuring three members of the Kurdish security forces. At the time of the blasts, the pipeline was shut down for maintenance.
The blown-up pipe is used to pump crude from the Bai Hassan field to a degassing facility in Kirkuk. The blasts come soon after Baghdad signed a memorandum of understanding with Tehran for the construction of a pipeline that would see crude from the Kirkuk area exported via Iran.
The pipeline, local media note, would help the central government in Iraq diversify away from the autonomous region of Kurdistan, with which relations have been strained for years because of disputes regarding oil.
The Bai Hassan field, along with others in the area, was operated by the North Oil Company until 2014, when the Kurdistan Regional Government took over. Based on recent media reports, however, it seems the NOC is back in control of the field. Its reserves are estimated at 2.08 billion barrels.
Tensions between Baghdad and the KRG flared again last week, after the signing of the MoU with Iran.
One another note, I thought this was funny - its a kind of a virtual pipeline
"This logic is also the reason why Iran and Turkmenistan have restarted talks about a new round of swap deals in which Iran would receive crude oil in its Caspian Sea port of Neka and would in turn allocate oil from its southern field to customers of Turkmen oil."
Cantor's prior target which was way before the restructuring and 100 to 1 consolidation was £1.54 ... that's about £154 a share in new money. To give a £2.7 target now is a big climb down IMO from £154 ..... they sure can see my way of thinking I guess ...
FH1, have Cantor been bang on the money with previous predictions?
I hope you understand the way it works with analyst/broker notes. The publicly released stuff is usually very short term to influence trading and well past its sell-by date, published after their private clients have been advised on their moves.
It would be worth your while going back and analysing analyst predictions compared to sp performance for the last three or four years to get the picture of how reliable they have been.
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