Ive never heard so muck cack on this board for a long time, the end of OIL you say pffffffft unwanted pfffffft . You need help son. We have in oil and gas a finite resource and we have reached peak oil many years ago. Some people just do not understand basic arithmetic but I can help you !! Thats the kind of guy i am : ) ........... you tube Proffesor Albert Bartlett . The most important video youll ever watch about exponential growth etc it lasts an hour or so so get a brew put on the headphones and chill.
Erbil-Ankara Expected to Finalize Oil Export Deal By RUDAW 25/11/2013 Upon his return from Ankara, Barzani is expected to visit Baghdad and discuss the details of the agreement with Iraqi Prime Minister Nuri al-Maliki. ERBIL, Kurdistan Region – The Kurdistan Region is expected to finalize a deal this week to export oil and gas to Turkey as Kurdish Prime Minister Nechirvan Barzani arrives in Ankara. A well-placed source told Rudaw that Barzani and his Turkish counterpart Recep Tayyip Erdogan will seal the final deal allowing exports of Kurdistan’s oil through a recently completed pipeline to Turkey and from there to the world market. Upon his return from Ankara, Barzani is expected to visit Baghdad and discuss the details of the agreement with Iraqi Prime Minister Nuri al-Maliki. Industry reports say that the pipeline, taking Kurdish oil to the Turkish point of Ceyhan, will initially carry 150,000 barrels a day, starting next month. Baghdad opposes any direct oil deals by the autonomous Kurdistan Region, but Barzani has reassured that the agreement between Erbil and Ankara is beneficial to all Iraqi people. Last week, Turkish Energy Minister Taner Yildiz said that the Iraqi people will benefit from the oil deals that are signed with the Kurdistan Region. “The Iraqi government will also get a copy of all receipts of all money kept in Turkish banks,” he said. At a press conference last week, Barzani said that Iraq must pass the oil and gas law that has been sitting in parliament for years. International observers believe that the export of oil and gas will give the Kurdistan Region greater political and economic autonomy. The region is currently dependent on 17 percent of Iraq’s federal budget to run the local government. Since 2007, Erbil and the central government have been at loggerheads over the autonomous region’s natural resources. Iraqi leaders say that Baghdad has the sole authority over the country’s oil and gas, while the Kurdistan Regional Government (KRG) argues that the constitution grants it the right to extract and export Kurdistan’s own oil. Kurdistan’s Minister of Natural Resources Ashti Hawrami has stressed in the past that Kurdish oil exports should not worry Baghdad because the revenues are shared with the central government. Rudaw has learned that Hawrami was in Ankara last week to arrange the final details for this week’s agreement between Barzani and Erdogan. Yildiz also said earlier this month that his government was planning to mediate between Erbil and Baghdad over outstanding energy issues. "We are trying to establish a method which we believe will counter the concerns of the central Iraqi government,” he said. “So far, the Kurdistan Regional Government and central government have not been able to establish the system they wished," Reuters quoted Yildiz
Pianist, you hit the nail on the head. The report in the mail and FT have all made references to the huige potential of Kurdistan. I feel Genel PR have taken full advantage. I was suprised that GKP did not release an article or a RNS with a positive spin on what the company has. In time IRAN, Kurdistan and Iraq will flood the market and the proce og oil may come down.Additionally shalke and renewables will also play there bit. Come on PR GKP where are you.......
In a couple of years the big oilies will be old hat and unwanted anyway if fracking goes ahead. Britain alone has about 40 years worth underneath that is recoverable, and with hydrogen also becoming popular for cars it could be the end for the black stuff. So if GKP drags its heels much longer they will find that oil will be a thing of the past. We might be able to get a cheaper fuel for heating too!
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