Member Info for everhopeful

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Parliamentary energy is discussing with the ministry the resolution of the oil and gas laws

Baghdad / Al-Ghad Press:

The Committee on Oil and Energy, headed by MP Hiba Halbousi, and in the presence of a number of members of the Committee on Sunday, visited the headquarters of the Ministry of Oil to discuss a number of important issues related to the work of the Committee and legislative work and control.

The Information Department said in a statement received by Al-Ghad Press, that the committee started the visit by meeting with the Undersecretaries of the Ministry of Oil, Mr. Neama Al-Fayyad, Undersecretary of the Ministry of Oil, Hamed Al-Zobaie, Moatasem Akram and Karim Hattab. The contracts of the companies of Car and Qiwan and on the contract of Al-Barham Company on the hydrogenation of naphtha in Kirkuk, where the Chairman of the Committee asked the Messrs.

She added that "the Chairman of the Committee discussed with the agents of oil and gas and the National Oil Company, where the Chairman of the Committee MP Hibet Halbousi, that the Committee had already sent a letter to the Ministry, stressing the need to expedite the Ministry of Oil to complete amendments to the two laws in order to legislate in the House of Representatives "Because of their importance in resolving the differences on the export of oil as well as the protection of oil wealth as the property of all the Iraqi people without discrimination."

The committee also discussed the issue of contracts concluded by the ministry with a number of oil companies, where the Chairman of the Committee MP Hibet Halbousi that there are observations, inquiries and question marks on the contracts of the companies Kar and Qiwan and Barham investing in hydrogenation of naphtha and improve gasoline in the province of Kirkuk.

The chairman stressed, according to the statement, "the importance of reviewing these contracts by officials in the ministry in order to prevent any waste of public money and the protection of oil wealth."

"The committee met with Sarmad Hussein Abdullah, inspector general of the ministry, and discussed with him the need to activate the oversight and inspection role of the inspector general's office in auditing the performance of departments and companies affiliated to the ministry in a professional and civilized way away from methods that frighten employees and affect their interaction and encourage them to cooperate with his office," the department said. In order to ensure that there are no financial or technical breaches that cause waste of public funds. "

Halabousi also discussed with the inspector general the issue of fines and entitlements related to Kar and Qiwan, estimated at 135 million dollars, and the Integrity Commission asked the ministry's inspector general to re-investigate the matter.

Al-Halbousi called on the committee's inspector general to cooperate with the committee in holding c

therer is nothing wrong with my memory and I am not a ex land rover parts sales person or thick , your filtered you arrogant POS.

I was talking about when it was commissioned. GKP knew straight away they'd got it wrong.

Who paid for the poor design of the PFs ? Made in Canada they knew the oil api and gas hs2 so why all the debottling necking for months?

Quite BD GKPs present PSC means nothing , it is the rarity of Shaikan that matters. Cairn Energy spent $900 mill on one drill off Alaska and got nothing. The POO is a mirage ATM , I expect a massive rise in the next few years.

£218 to £250 is reasonable sankeys.

'Fun and games' , down right bent robbing and lies . The Hararmi case may reveal just how robbed we were.

Agree SS, no MOC / NOC will spend big bucks on Shaikan until the KRI PSCs are ratified by Baghdad with the HCl .

Asking Baghdad to trust the Kurds is like asking a Lord of the Manor to allow Gypsy's on his land for a week , ''They promise to leave after a week''. The irony is that Baghdad are just as bad or in fact worse.

Luay al-Khatteeb, an expert on the Iraqi oil industry and a former adviser to the Iraqi government on energy policy, said Iraq has mismanaged billions of dollars. He estimates that since 2008, the Kurdish government has earned some $40 billion to $45 billion from oil and gas revenues in addition to what it receives from the federal budget allocation.
“The question is what did they do with these revenues?” al-Khatteeb said.

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That was in part GKPs money , not getting their due saw us PIs ripped off , the AB write down was a ruse to have us robbed. I hope this comes out in court .

Here's the man that set the tone day 1

Simultaneously, Galbraith formed a company that signed a deal with DNO, that same Norwegian oil venture. Galbraith eventually admitted he had financial interests in Kurdish oil dealings at the time he was helping to craft the Iraqi constitution. But he told The Boston Globe that he saw no conflict of interest because he was working as a private citizen at the time.

https://gpinvestigations.pri.org/the-curse-of-oil-in-iraqi-kurdistan-1c9a9a18efd1

As each day passes, an orderly handover diminishes.

Is this intentional?

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This implies that you might be saying GKP are giving us a clue or are being irresponsible , they aren't there will be a new CFO announced in good time imo . However the fact that SZ is going implies to me that the serious work has being done.

Why do GKP need a CFO ? it's a cash cow , just need to be able to balance the books, a child could do it. Re a TO if that is what you are implying , IMO that will not happen until the HCL is done and who can say when that will be. Sounding better but it's not over until ........................

IG index and the others deliberately can target stop losses of their OWN customers, even if the the real market SP never went as low as your stop loss they get around it by using their own 'made up ' spreads, they are little more than muggers.

I think Tactonic sold their lot for 260 ?

The Deloitte report is the latest example of the KRG’s inconsistent and self-serving approach to transparency in its oil sector, in which the region’s Ministry of Natural Resources (MNR) has typically played and outsized and political role. Bouts of oil sector reporting, even when comprehensive, have typically petered out into renewed silence within a few months, variously due to resource incapacity, institutional paranoia in the context of opposition to independent oil policy from Baghdad, and a casual attitude to oil transparency. Interactions with large international oil producers and trading companies have also to some extent forced secrecy on the KRG.

https://blogs.lse.ac.uk/mec/2018/04/25/selective-transparency-things-you-cant-see-about-krg-oil/

The CC might but an end to false flag about turns.

Hello Rhena remember the name, Harawmis wife caught in Turkey with $250 mill !! and she has got away with it, maybe not him though ?

P 49 - 50
https://www.gulfkeystone.com/media/114343/GKP_AR17_Book.pdf

Participants, who are
selected at the discretion of
the Committee, are awarded
performance units
representing their share in a
“Performance Pot” equivalent
to 8% of the increase in value
of the Company in excess of a
minimum compound annual
TSR of 8% (the “hurdle”),
which is measured annually.
Provided the hurdle is
achieved, participants will be
granted nil-cost options each
year for five years, starting one
year after the initial award of
units. The number of shares
subject to each option
depends on the individual’s
share of the Performance Pot
and the market price of a share
on the measurement date.
Provided the Company
continues to generate returns
in excess of the hurdle, 50% of
nil-cost options vest after the
third measurement date and
50% vest after the fourth
measurement date. If, by the
fifth measurement date, GKP
has failed to generate the
hurdle rate TSR, all unvested
nil-cost options will lapse

Extinction Rebelion are a bunch of hystericals.

https://www.cfact.org/2019/08/07/could-cooler-years-be-coming/

https://www.iceagenow.info/fastest-decline-solar-activity-9300-years/

https://bit.ly/2OV8ISW