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ERBIL — Turkish President Recep Tayyip Erdogan is set to visit Baghdad and Erbil later this month for discussions with senior officials from both sides, according to a senior Iraqi Foreign Ministry official.
The visit, lasting two days with one day each in Baghdad and Erbil, aims to address several key issues, including the presence of the Kurdistan Workers Party (PKK) bases in Iraq, the resumption of Kurdistan Region oil exports via Turkish ports, and water security concerns.
The official, who preferred to remain anonymous, stated that Erdogan will lead a delegation comprising senior Turkish officials, businessmen, and company owners during the visit.
Among the primary objectives of Erdogan's visit is to find a lasting solution to the PKK presence in Iraq, which Turkey considers a significant threat to its national security. Discussions will also revolve around potential security agreements and border measures to curtail PKK movements. Furthermore, both sides will explore the possibility of a comprehensive security agreement, including measures to halt attacks on Iraqi territory and address the presence of Turkish troops.
The Development Road project will also be on the agenda during Erdogan's talks with Iraqi officials, according to Subhan al-Mullah Jiyad, the political advisor to the Iraqi Prime Minister.
Jiyad emphasized the importance of Erdogan's visit in resolving longstanding issues between Baghdad and Ankara, particularly highlighting the critical water issue amid Iraq's ongoing drought crisis.
Erdogan's visit, originally planned for the previous year, was postponed due to regional developments, including the war in Gaza and political strains between Baghdad and Ankara. Reports suggest that stalled oil exports from the Kurdistan Region via the Ceyhan port also contributed to the delay.
All talk and no action !!
Nothing will as they have saying the same crap since the closure.
Their only intention is to keep it shut as long as possible. Personally I think it will never open again and a alternative route should been found ASAP.
Back to being independent and the IOCs getting shafted by the KRG .
Well they are getting royaly shafted at the moment . Maybe the KRG like the situation as it is who knows. Because someone is making a fortune. Let me guess his name begins with a B ??
This is the article I think everyone is talking about https://www.kurdistan24.net/ckb/story/253495-وەزیری-سامانە-سرووشتییەکان:-سەدا-80ـی-بڕیارەکانی-دادگای-پاریس-لە-بەرژەوەندیی-هەرێمی-کوردستانن
The main crux of the bit translated is as follows:
The Minister of Natural Resources of the Kurdistan Region also noted that "the cost of extracting the Kurdistan Region's oil has reached an agreement with the Iraqi government. Previously، the federal government had decided to give about 8،900 dinars to companies in the Kurdistan Region to extract each barrel of oil، but after the formation of two committees، it was decided to increase the amount to 20.61 thousand dinars."
It looks like the Iraqis are prepared to change cost of oil production from $6.83 to $15.81. Sounds like a good compromise to me but wtf do I know.
This article also explains why the Kurds don't seem to be too bothered about Iraqi government selling the oil.
As Kamal Mohammed Salih put it، "80 percent of the Decisions of the Paris Court were in the interest of the Kurdistan Region. We have no problem with somo selling Kurdistan Region oil and its revenues go to the Youth of the Iraqi Government، but the financial rights of the Kurdistan Region must be provided."
I've used an online website to do the translation so can't really guarantee the translation. :-)
ATB to all shareholders
The Erbil-based Kurdish channel Kurdistan 24 reported on Jan. 28 that both sides are discussing a deal to reimburse the semi-autonomous region $20.60/b for all crude oil produced
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/012924-crude-oil-selling-price-from-iraqs-kurdish-region-in-focus
I believe the figure of 20.61 came after watching re-runs of countdown, they asked for 1 from the top, 1 from the middle and 2 from the bottom and voila, 20.61 is what Carol asked for. Utter b’lox, no change really.
It is very precise but it is TOO precise for the variable it reprints.
$21 or $20.6 would have slipped through unnoticed but if this is a made up number it’s P44.9999 time
IOCs should reject the offer and ask for £30.63 😂
If this is all made up you have to give credit to whoever came up with £20.61. That is a very precise figure.
Atb to all holders
One word answer Blu:
corruption.
Deal agreed or not ?
The SP should have not been this low in the first place considering we are debt free, millions in the bank, producing close to 40k pbd bringing in 10m plus a month with huge potential once the pipeline opens which will happen soon or later
There was a piece much earlier today on kurdustan24.net for the locals but not the English version.
It simply stated that the two governments had agreed a price.
It did not mention a what the agreed figure was or what part if any an IOC had played in the process.
It implied the KRG was now happy to begin exporting but didn’t say that the IOCs had agreed to anything.
$20.61 is four significant figures, where are they getting that degre of precision from?!
Just had an email to say GKP moving so thought I’d have look. A little late in the day which always arouses my suspicions. I’ve been away for a bit and not paying too much attention so forgive my ignorance but, what has been agreed prior to this potential costs deal, is this the last hurdle before exports can resume.
Apparently there was a presentation??? This was posted on another bb.. If true this will re rate
The natural resources minister of KRG said that they have signed an agreement with ICG ON Production price of 20.61$ per barrel. The agreement was without including IOCs in the signing, but IOCs helped talking with ICG on technical matters.
Ahahhahhaaaaaaaaaaa...did you forget a /sarc??
Climate Armageddon, coming to a cinema near you. I'll take an upside of your prophesy Mr Belnobrains. Come on back to us in, what, 2 years?, 2026? and I'll take your pseudo-voodoo science laden doom money on Iraq being a dustbowl (it is however, in the desert so you'll have to ascribe some more critical thinking to what might be worse than a dustbowl)
Fancy a bet on snow being a thing of the past or the waterfront in NY City being underwater in the same time span?
Idiot.
I bloody hope so Jens. We've been waiting long enough!
Haha to pay to play in your pipe
You had mushrooms for lunch ?
?
Does this have legs?
Turkey would love to co-operate with Iraq and build a gas export pipeline. However Iraqi, suspicion and religion, then throw in blatant corruption and greed on every level and you have the perfect storm of never getting it achieved.
Iraq after Russia is one of the worst polluters of greenhouse gasses in the world, doing substantial flaring. USA could help them overcome this problem and turn it into a huge credit with essential electricity generation which they need desperately. However have to put the record straight by strict adherence to contracts signed by all in Iraq and not try to cheat companies after they have provided their side of the deal.
Iraq is positioned to be one of the worst effected countries as global warming continues to accelerate rapidly.
It will become a total dustbowl, and not sustainable for its population in only a couple of years because current temp increases are just far to rapid.
Going to say this now and sorry if it hurts those with sensitivities, they are not welcome in the UK after being a primary cause of the problem, trying to cheat mainly UK investors from contractual earned income, and failing to deal with the serious issues which they could do so if they wished.
please see article attached. https://www.cbsnews.com/news/february-2024-hottest-on-record-global-temperatures-climate-threshold/
OH, thanks for quick and comprehensive reponses guys.
lots of expertise on this site….. how did we all get involved in such a clusterflux of a share ;(
I think LSE listing rules state if a party acquires more than 30% of shares they trigger a take over warning. I know Abramovich sold down some Evraz shares to keep himself under the 30% threshold (a long time before the war). Who's accumulating share in volume? Everyone here seems more worried some hedge fund opened up a small short position lol
Typo in the 1st line.....
"can tend to happen"
Inv....
Hostile takeovers, even on the QT, tend not to happen.
https://www.investopedia.com/terms/h/hostiletakeover.asp
To deter the unwanted takeover, the target company's management may have pre-emptive defences in place, or it may employ reactive defences to fight back.
Generally, the hostile takeover signifies the target is significantly undervalued, in most cases, such an approach impacts shares in the target Company by increasing share price.
You need to ask Perella Weinberg maybe? (As Roy Keane would say, that's their job)