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Https://www.kurdistan24.net/en/story/34616-Iraq,-Kurdistan-Region-in-talks-to-resume-oil-exports,-says-Iraqi-Oil-Minister
Not only disputed the legality, they have declared the ioc contracts to be illegal and thus invalid.
Not mentioned very often ... Baghdad does not recognise the current PSCs which probably means a big potential for being shafted .... they have disputed the legality of those agreements for many years.
Https://www.rudaw.net/english/business/16042024
After meeting in US
Will iraq opening this old pipeline help genel?
Surely they should just drill Somaliland and then, assuming it’s not a duster, sell it to the Chinese, Indians or Russians. All the previous fanfare about it being the jewel in the crown of our portfolio, was it all tosh? Have they changed their mind about there being oil there? I agree it’s probably a project more suited to a company more “geared up” for operating in this type of environment, but why bring it this far and then stop?
Totally agree - been banging on about this for years
Unfortunately no great surprise to anyone invested here over the last decade or so.
All the eggs in one basket for way too long - Somalialand doesn’t look much different either!
Good article
Calling out corruption (genl mentioned)
https://www.diplomaticourier.com/posts/foreign-investment-corruption-risks-iraqi-kurdistan
I have too sold all mine at 88.
now waitng to buy back
I've also sold half from the todays drop, profit is profit! I'm with you the news is all over the place.
Took a small profit. No idea what's going on so I'll step out.... for now
Nice....I was too late !! story of my life
GENL 86p+ finish...
Don't know, but the auto trades went into overdrive, looks like to get stop losses tiggered, anyway took 3000 at 76p!
Happened here? up 9% and now -8%??!!!!!
GKP is still holding its gains???
What happened. if GKP is 120, GENL should be close to 90p minimum.but a sudden drop or sell off???
Bypassing KRG and selling via Baghdad and old Iraqi pipeline would be fine (not as though KRG have ever done Genel any favours).
But might just be a bluff to hasten talks / improve Iraqi deal on sales via newer pipeline from KRG.
Who knows? Share price doesn’t!
One says a deal is done, the other that Iraq will bypass KRG. More noise
Https://www.reuters.com/business/energy/iraq-set-reopen-own-pipeline-kurdish-talks-stall-2024-04-08/
That would be a nice start to the week, but can't add anything on the news front
Both Genel and GKP rising fast, have we had news of pipeline opening???
Oilprice have always been negative
This may be more interesting
https://shafaq.com/en/Economy/North-Oil-Company-initiates-trial-pumping-in-Iraqi-Turkish-pipeline-for-oil-export-resumption
And after the meeting between the two presidents
https://shafaq.com/en/Iraq/President-Barzani-and-PM-Al-Sudani-forge-preliminary-oil-agreement-in-Baghdad-talks