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But now it’s official…. and the reason why they are requested is stated.

Hmmmm - tentatively optimistic, the right people are making the right noises.

Situation appears to be continuing ad-infinitum:

Baghdad wants Erbil to give up their semi-autominous status, and get them (Kurd oil fields and revenues) back under their control.

Erbil wants an independent state for the Kurds, and the ruling family will take over fully, if they then can get us annoying little IOCs out, and auction off the oilfields anew to whoever - then think of the signing fees and the scope for the return of fullscale pilferring (without Baghdad interfering for their cuts this time).

Both parties want to collect US aide at all costs (the general population will see none of it, of course).

Nobody wants to pay our overdue debts, naturally.

These reasons are why Akipur has no significant ‘say’ in anything, and are a token attempt at honesty and fairness in a hugely corrupt region.

Hope Joe is wide awake for today's meeting.

If he makes the decision for them that the PL should open NOW - it will remove it from the bargaining chips pile - and drive some form of stability into the equation.

….. wonder if he knows that some of the players from Baghdad\Erbil at the meeting are wwwwaaaayyyy richer than his own family ?

He should perhaps dig into where that wealth came from ?

I have to agree…. the whole Region is a no-go for serious incoming investment which could be to the benefit of the whole population - due to the criminal and unsustainable greed of a few billionaire tribal families.

Even Sleepy Joe knows what has gone on - and he has to face one of them at next week’s meeting.

Wonder if he’ll lay down the law and get our debts adressed or even paid ??

Looking for reasons for BP’s dismal performance vs SHELL… and homed in on the composition of the BoDs….. SHELL’s young, highly qualified execs are in a different league.

Time to pension off the old guard into running the GPO or seats in the House of Lords .

Putup - don’t quite agree with your arithmetic:

if dividends are paid, the demand for shares will be stimulated…. sp will rise with demand and that’s reflected directly in market cap (no. of shares in issue X sp).

We must remember that this is only accountancy=arithmetic…. not a triple integral calculation.

Arrears recovery (+ compound interest due surely which any court will award us ) could be paid out as a dividend …. you do the arith.

FFS - Erbil gets 17% of the national budget (any shortfall will be met by us IOCs of course), all oil goes via SOMO, Turkey should offset the fees for using pipeline until the $1.4b bill is paid down, we IOCs can whistle for our missing payments….. what’s the hidden agenda then ??

B-Bay, I think the converse may be that a Kurd home would remove them from the destabilising effect they have, and may yet have, on the countries they currently occupy as a minority ethnic group.

This would have the effect of stabilising the ME area.

The negatives are: no access to the sea, how much land would their current host countries be prepared to donate to encourge them to leave ?

The whole ME area is bogged down in potential instability due to too many religious factions - and augmented by the overlay of tribalism.

If regional war comes to pass - surely Barzani will grab the chance of freeing his peoples from the tyranny, financial exploitation and oppression they have had to suffer under Baghdad, and he could self-appoint as ‘el Presidenti’ of his own country (could call it ‘Barzanistan’ ?) and maybe then things will calm down and export lines will magically open up and we will get a fair contract with occassional payments for goods delivered ?

Wonder when the general population in Kurdistan will realise that one familly is pocketting the wealth of their region ?

Baghdad should be calling the shots here…..not cowering in fear of one family’s ill-gotten billions.

DNO has a very slick manager (who speaks the lingo) and a dynamic management team, coupled with several World operations/markets …… so they can (and do) play hardball with their customers.

I think we would notice a few changes if they bought us out. 🙏

Not even ‘math’……. its just simple arithmetic !

Didn’t they already sign an agreement to receiving a % of the Iraqi National budget to pay these mysterious local salaries as part of the SOMO oil marketting agreement ?

They also receive free oil from we mugs - when they see necessary, if that is not enough.

Guess it’s best to have their hooves on the oil sails cash, and then decide who gets what out of the oil sales loot, secretly within Erbil.

….. and so it goes on, and on, and on.

Q1:when the pipeline contract runs out ….. how will the IOCs struggling in Kurdistan export ?

Q2: when does GKP’s fragile contract with Erbil run out ??

Too late…. many private choppers seen departing the area, heavily laden with all of the spoils of the Lirpa Loof mining PLC.

OK, lets ass-u-me that its the PSCs which are the latest bone of the camel’s back.

Just get the tribals together for a biscuit meet to agree on a % of the daily revenues which SOMO collects, then a further biscuit bonanza to divi up each participant’s slice of that %…. and job done.

As a catalyst - gee them on by calculating and presenting each of them with how much they are missing flowing into their personal accounts per day - and signatures approving tap openings will surely follow.

What the general population has missed out on due to this petulant farce is of course irrelevant.

The $1.4billion fine due to Baghdad from Ankara can be discounted from the tariff from using the pipes.

Job done.

Trust that our Myles Caggins has taken time to (try) to get Biden and his minions to understand that the prime motivation of these tribals visiting the hallowed White House is that of personal gains, and all the delays, broken promises (and occassional outright lies) spun out at the plethora of biscuit meetings held up to now - are solely to that ends.

What an interestin day tomorrow should be……. what biscuits will Biden serve (and have they been approved by all tribal attendees ? or a huffy, puffy walkout can be anticipated.

Yes, its as daft as that.

No-one appears to be getting paid then.

Where are the revenues from oil sales evaporating to ?

Corruption destroys Nations.

Any of you other guys ‘n gals getting the distinct impression that we are just getting jerked around here by a bunch of numpties hell bent on emmulating the road map to huge personal wealths pioneered by the bar-z boys ?

‘Rape of a Nation‘ springs to mind!