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Sadly the Iraqi Oil Minister is a lying toad and has promised a resumption of oil flows numerous times. Hard to tell if the 'committee' is genuine or another delaying tactic 🤷🏻♂️
They can't just dig it out if the ground, they still have to fund and build a major processing operation infrastructure, that's going to cost a very big wedge of cash, they will will need a full feasibility study to attract the extra funding.
It's not sitting there doing nothing if there's another political shift and local sales are curtailed, so prudent to have a war chest, but I agree it would be nice if some of the surplus came shareholders way💰
Https:// youtu. be/wD1wJcvy5iY?si=0wsnGch23_14Qh1w
A look at current Iraqi economic situation and suggestion of oil flow beginning of May.
Https:// www.rudaw.net/english/middleeast/iraq/280420242
ERBIL, Kurdistan Region - Kurdistan Region President Nechirvan Barzani and Iraqi President Abdul Latif Rashid met in Baghdad on Sunday to discuss numerous topics including the need to strengthen ties between the Iraqi and Kurdish governments.
“Both leaders emphasized the need to promote economic development and enhance services, while also expressing support for the federal government in implementing its agenda. The dialogue between Erbil and Baghdad, aimed at resolving their issues in accordance with the Constitution, was also a key topic of discussion,” said a statement from the Kurdistan Region Presidency.
President Barzani arrived in Baghdad on Saturday for meetings with Iraqi Prime Minister Mohammed Shia’ al-Sudani and the ruling State Administration Coalition. It is his second trip to the Iraqi capital in a month and comes against the backdrop of Sudani’s trip to Washington and a deadly drone strike on key oil and gas infrastructure in the Kurdistan Region.
During the meeting with Rashid, Barzani “reiterated the Kurdistan Region’s willingness to engage in dialogue and find mutually agreeable solutions with Baghdad,” and emphasized the importance of visits from both Erbil and Baghdad to continue.
As part of his Baghdad visit, Barzani also separately met with several senior Iraqi political leaders, including Leader of the State of Law Coalition Nouri al-Maliki, Leader of Iraq’s National Wisdom Movement Ammar al-Hakim, President of Iraq’s Supreme Judicial Council Faiq Zidan, former prime minister Adil Abdul-Mahdi, and former speaker of parliament Mohammed al-Halbousi. The meetings are expected to continue.
From ADVFN, haven't checked the wording of it.
"What do people make of this at the end of the Thursday RNS:
'For crude oil sales into the ITP from 1 January 2023 to 25 March 2023, capacity building payments were deducted from the monthly crude oil sales invoice amount payable to Gulf Keystone and no direct payment was made to the KRG. For local sales from 19 July 2023 to 31 December 2023, the KRG received capacity building volumes in kind, which they then sold to local buyers.The value of licence, rental and security fees has been accrued and is not expected to be paid, but rather offset against historic revenue due from the KRG, which have not yet been recognised in the financial statements.'"
In quoting Saddam Hussain the KRG are being pretty confrontational, I wonder if they've ran out of patience on the nicely nicely diplomatic route, also wonder what the next moves will be, independent trucking?
He's not a 'Leader' of APIKUR, his firm was engaged for publicity and communication / lobbying, there's other people involved with the IOC's who have a lot of political clout.
"Myles B. Caggins III is a colonel in the U.S. Army. He provides expertise on public information warfare, ISIS, Kurdish affairs, veterans issues, national security, and military culture. He is founder and CEO of Words Warriors LLC a translation, public relations, and business advising company with offices in New York City and Erbil, Iraq. From military posts, combat zones, inside the Pentagon, and the White House (National Security Council), he has led communication strategy for some of the most challenging issues of the past decade, including: America’s rebalance to Asia and policy towards North Korea and China; Guantanamo and enemy combatant detention; the mission to defeat ISIS; military human capital and recruiting; and nuclear security.
Most recently, he served as the U.S. Army’s Visiting Fellow at the Council on Foreign Relations in New York. He served three year-long combat tours in Iraq. He is former spokesman for the Global Coalition to Defeat ISIS in Iraq and Syria where he led a multinational communication team representing 78 nations. He has extensive international media experience and relationships with journalists—particularly on Arabic and Kurdish language networks. He has written commentary for CFR.org, The Root, Richmond Times-Dispatch, and the Armed Forces Journal. He has lectured, paneled, and keynoted at the Council on Foreign Relations, Pepperdine University, Hampton University, Harvard Kennedy School, and the Defense Information School, among other institutions.
He serves on non-profit boards for the Youthcast Media Group, New York Kurdish Cultural Center, and the Advisory Board for Hampton University’s Scripps Howard School of Journalism and Communications.
Colonel Caggins has earned numerous military awards, and decorations, including the Legion of Merit, two Bronze Star Medals, the Combat Action Badge, and the Presidential Service Badge.
Myles earned a bachelor’s degree in history from Hampton University; and a master’s in public relations from Georgetown University. He completed Harvard Kennedy School’s year-long National Security Fellows program in 2018. His personal network is multidisciplinary, multiethnic, and multinational; he is a Life Member in the Council on Foreign Relations, the Military Officers Association of America, and other professional and social organizations." With 26 years involved in the military, he's somewhere in his 40's.
There's a difference between pump and dump and an anticipatory movement of the share price, yes it may go up and down, but that doesn't make it a pump and dump when there is a real possibility of a resolution, a pump and dump is a specific situation when a recommendation or rumor is made to pump up the share price so of holders can sell as a profit. When the country's leaders are meeting, the USA are adding pressure and OPEC are recommending opening the pipeline, they're not all pumping the share price to make a profit they're trying to get it done.
My (only a year into this so not experienced) thought is it's because there hasn't any will to engage with opening to the pipeline from the IOC energy ministers, the contracts were merely used as an excuse and football to make it look as if something was happening, the political will and pressure has now built up to a point where it looks likely that we contractual issue will be resolved one way or the other and miles coggins said in a recent interview he expected or anticipates at least, new contracts being signed. Given how quick APIKUR have been to stomp on any suggestion that negotiations are taking place they haven't said anything negative about that recently.
From ADVFN
OPEC has called on the Iraqi Oil Minister to allow the Kurdistan Regional Government (KRG) to resume oil exports.
The Organization of Petroleum Exporting Countries (OPEC) has officially asked the Federal Oil Minister Hayyan Abdul Ghani to allow the export of oil from the Kurdistan Region through the Turkish port, a source in the Federal Oil Ministry told Iraqi media.
According to the same source, OPEC has asked the Iraqi oil minister to allow the Kurdistan Regional Government to export 200,000 barrels of oil per day through the Turkish port.
What was the Iraqi oil minister's response to OPEC's request? The source said Hayyan Abdul Ghani has sent the request to Iraqi Prime Minister Mohammed Shia Sudani and is awaiting his response.
The Iraq-Turkey oil pipeline has been suspended since March 25, 2023. The pipeline has the capacity to export 1.4 million barrels of oil per day. However, it has not exported that much oil so far, and what was exported before the suspension was 450,000 barrels per day.
https://www.kurdistan24.net/ckb/story/256559
In the background maybe there's a possibility that there will be a takeover, with legitimised contracts GKP is ideal for that, if you are looking at 111notout or goodnightcharlie he's a constant multiple accounts spammer on ADVFN and reposts as if it's someone else. BUT it has happened to other oil companies in the region so - maybe 🤷🏻♂️
Dunno what you're reading...
@john78846295
https:// www. kurdistan24. net/en/story/34657-Turkish-President-to-meet-Iraqi-PM-in-Baghdad,-key-agreements-expected
hxxps://www.iraqinews. com/ iraq/baghdad-erbil-negotiate-to-resume-northern-oil-exports
That was 5 mins of looking 0_o
They've already indicated that they will (sorry was a while back so can't give a reference) I don't think they care who it goes to do long as there's an agreement in place and they get paid the appropriate amount. That's the sticking point though in two ways, first, obviously there's still no agreement, and secondly the information is coming from the Iraqi Oil Minister and he's lied and lied throughout the last year, no way if knowing if it's an actual move until there's a separate confirmation.
Now that's the kind of trade I like to see, when a shorter closes or someone puts a big chunk of money in.
Apr-24 17:29:26 121.70 170,191 Unknown* 207.12k
Ye Goodies, is PUTUP actually quoting the Trolls favourite "The value of the company drops in proportion to the dividend amount", hinting of course that it's not possible to get value out of the investment, while intentionally ignoring the massive dividend payouts past and (potentially) in the future GKP have paid out 🙄
Belgrano. I can see where you are coming from, there's been many empty words here for a year, and the corruption isn't going to go away any time soon. But I do believe the point of optimal pressure has been reached, salaries have been paid and there's allegedly an agreement about salaries, voiced by the people at the top not a minister, coupled with the greater picture of rising oil prices, Russian production being hammered, the water issue which interestingly isn't being talked about much, together with the US weighing in, it seems to me that an agreement is closer than before, though I do know that anything can happen in politics and there's no dividends until the ink is dry in the parchment.
Yea, I would go back to the Flat Earth conspiracy theories mate.
Be interesting to see what Kurdistan do if Iraq do decide to try and bypass Kurdistan, (I'm not up on the territory though, did someone suggest it goes through Kurdistan anyway?), back to trucking operations till the pipeline contract ends? Other?
Possibly, but likely he will show his face make a confused speech and jet back off again, it's Blinken and his cronies that hold the real power anyway.