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Just now....

Rudaw Digital

A Kurdistan Regional Government (KRG) delegation is scheduled to sign an agreement on oil exports in Baghdad on Tuesday, Rudaw reported. According to the content of the agreement; Kurdistan oil exports will resume and the Kurdistan Region will sell its oil in partnership with SOMO, and the Kurds will be given the post of deputy director of SOMO.

According to Rudaw; The Kurdistan Regional Government (KRG) delegation is scheduled to sign an agreement with the Iraqi Oil Ministry and the central government on Tuesday, 4-4-2

According to the agreement, SOMO will participate in the sale of oil to the Kurdistan Region, in addition to the Iraqi prime minister will be aware of oil revenues.

The agreement recognizes the Kurdistan Region as the exporter of Kurdish oil, which has long been denied by Iraq, and for the first time, according to the content of the agreement, a Kurd will be deputy director of the Iraqi Oil Marketing Company.

According to Rudaw, a joint committee will be formed between the two governments to monitor Kurdistan's oil exports. The Kurdistan Region's oil revenues should be deposited in a special bank account, as stated in the 2023 draft budget, which will be under the supervision of the central government and will be spent by the Kurdistan Region. The Kurdistan Region must also terminate all oil contracts. Kurdistan oil exports will resume soon.

The Paris arbitration panel has suspended oil exports from the Kurdistan Region of Iraq (KRG) to the port of Ceyhan since March 25, 2023, following a complaint by Iraq against Turkey It reduced the amount of electricity produced by Kurdistan.

There's no specific pen on paper agreement made yet, in advanced talks to get things moving again, so it's all looking positive but there won't be an RNS I would imagine until after the ducks are sufficiently lined up, quack quack.

It's a true story €:)

SOMO sells oil to the Kurdistan Region.
- The oil money of the Kurdistan Region will be deposited in a bank account under the supervision and audit of Baghdad and only the Kurdistan Regional Government has the right to withdraw money from that bank account.
- The Iraqi Ministry of Oil and the Kurdistan Ministry of Natural Resources will form a joint committee to: export, market and sell Kurdistan oil.
- A Kurd is appointed deputy director of SOMO.
- The joint committee of both sides will hold further meetings to resolve technical issues.

The Iraqi Oil Ministry has said that the government and the ministry are serious about the speedy resumption of oil exports from the Kurdistan Region. "We have considered softening the oil exports first, then discuss the pending issues between the Kurdistan Region and the central government," he said.

The Iraqi Oil Ministry said in a statement that the agreement between the Kurdistan Region and the central government is serious about the resumption of oil exports from the Kurdistan Region through the port of Jayhan and work to bring views closer to the public interest.

"The oil ministry will reach an agreement soon in the light of the positive atmosphere and bilateral understandings," he said.

"The atmosphere of the meetings between the Kurdistan Regional Government (KRG) and the Oil Ministry is positive," a spokesman for the Iraqi government told Rudaw

Rudaw Digital

The Kurdistan Regional Government (KRG) and the Oil Ministry are currently meeting with oil buyers in Baghdad.

"The Kurdistan Regional Government (KRG) and the Iraqi Oil Ministry are currently meeting with oil buyers and the KRG and SOMO delegations will meet with oil buyers after this meeting," Fares Isa, head of the Kurdistan Regional Government (KRG) representation in Baghdad, told Rudaw.

Erbil and Baghdad have reached an initial agreement to export Kurdistan oil under the supervision of SOMO, which SOMO told Rudaw.

Rudaw has learned that foreign oil companies and buyers have arrived in Erbil today (Monday, 3-4-2023) to discuss the purchase of Kurdistan oil with a representative of the Kurdistan Region.

According to a source familiar with the agreement, who gave details to Rudaw; The agreement was signed by Iraqi Oil Minister Fuad Hussein and Sudanese Oil Minister Mohammed Shia.

Yes sorry Chat for digressing. I remember that it made me me laugh so much €:)

belgrano, do I remember you from the Polymetal chat?

Rudaw Digital just now.

The delegation of the Kurdistan Regional Government and the Ministry of Oil are currently meeting with oil companies.

"The Kurdistan Regional Government (KRG) and the Iraqi Oil Ministry are currently meeting with the oil companies and the KRG and SOMO delegations will meet with the oil companies after this meeting," Fares Isa, head of the Kurdistan Regional Government (KRG) representation in

Turkey hasn't agreed to turn on the taps yet, there's a request being made.... Thats going to be pivotal.

That's good and reports coming from different sources suggest it's legitimate, but Turkey still has to agree to turn on the tap? I can't find anything yet confirming that's so, unless it's a Straw Man by Reuters that Turkey hasn't agreed to resumption?......?

Simplyme. Yes it's looking steady and promising, providing the redom can go through this summer, I'm getting the feeling it's going slower that Poly anticipated but the war and sanctions have been accounted for and worked around very well by the BOD so far.

Victor384.

Not happy with that bit....

"A second arbitration case relating to the 1973 pipeline agreement for the period from 2018 onwards remains open, and one source said this could take around two years to settle.

Turkey wants that case resolved before reopening the pipeline, three sources told Reuters.

A Turkish senior official said Turkey has yet to be informed about the initial agreement by the KRG or federal Iraqi officials and that discussions are ongoing."

Can't see it taking two years, that's the much loved Media FUD creating IMO, but seems there's negotiations to do yet. Or will the oil flow Monday and that's just sabre rattling? We will find out tomorrow?

Again, taking it with caution....

https://www.rudaw.net/sorani/business/01042023

"Kurdistan Regional Government (KRG) will resume oil exports in the next 48 hours, according to the Iraqi Oil Ministry.

According to Rudaw, a joint chamber will be formed with the membership of the Kurdistan Regional Government (KRG) Ministry of Natural Resources and the Iraqi Oil Marketing Company (SOMO).

Rudaw has learned that the post of deputy director of SOMO will be given to Kurds so that they can participate in the sale of Iraqi and Kurdistan oil.

The agreement and the letter of export of Kurdistan oil will be signed tonight or tomorrow Sunday and sent to Turkey to resume oil sales. "Erbil and Baghdad are taking the necessary steps and are waiting for Ankara's response."

More in the link, will need translate sorry I can't post a translated link for some reason.

I'm not 100% believing the reports coming out, lot of emphasis on 'All will be fine, it's getting sorted', but there's enough of it to give me cautious optimism €:)

Turkey's role is weak and it does not want to be part of any problem between Iraq and the Kurdistan Region," she said. "In my opinion, what Iraq may want to do is strengthen its relations with Turkey and use it to bring the Kurdistan Region within the framework of federal laws and export its oil through SOMO," he said.

The advisor concluded that the resumption of oil exports from the Kurdistan Region within the framework of the federal Iraq may create support for the region to have autonomous authority over its oil exports, but the Iraqi government to monitor. "This is not the best case, but an agreement that benefits all three parties [the Kurdistan Region, Iraq and Turkey] is for the Kurdistan Region to resume oil exports, but in some way, the Iraqi federal government to monitor the exports.

Regarding the impact on investment in the Kurdistan Region's oil and gas sector, Salman said the positive incentives for investment in the Kurdistan Region have weakened recently due to insurance, payment of financial entitlements and other issues It was declared illegal, and the international community saw that Baghdad had won.

He added that the decision of the International Court of Arbitration in Paris will put more pressure on the Kurdistan Region to resolve issues with Baghdad, so as not to lose the attention of investors

I think both sides [Erbil and Baghdad] can take advantage of their recent talks within the framework of the 2023 budget bill and reach an interim agreement that allows the resumption of oil exports from the Kurdistan Region," he said. "I think that because the Kurdistan Region seems to be in an undesirable situation, it may compromise with Baghdad and allow SOMO to control its oil for a while until they reach a comprehensive agreement," he said.

"One of the issues we need to consider is how these developments will be reflected in future investments in the energy sector in the Kurdistan Region," he said. He added that not using and not investing in the oil and gas sector of the Kurdistan Region is not in the interest of either the Kurdistan Region and Iraq, because in this case, Iraq must provide the expenses of the Kurdistan Region.

The Qamar Energy consultant said the current storage capacity in the Kurdistan Region is very limited, so companies have been forced to reduce production significantly.

"If Baghdad controls the Kurdistan Region's oil, it is unlikely to repay the debts, because if it does, there will be tensions between the Sudanese prime minister and the extremists in Baghdad," she said.

The advisor added that the delay in repaying the loans will put more pressure on the Kurdistan Region to reach an agreement with Baghdad.

Regarding the possibility of an agreement between Erbil and Baghdad, Maryam said that after the decision of the Paris arbitration court, all developments indicate an agreement, because although this seems like a victory for Baghdad, but Baghdad will suffer the same damage.

https://www.rudaw.net/sorani/business/310320233

A senior adviser to Qamar Energy says the Kurdistan Region may compromise and allow SOMO to temporarily control its oil. He added that the developments have affected investment in the oil and gas sector in the Kurdistan Region.

On Friday, 31-03-2023, Maryam Salman, a senior advisor at Qamar Energy, said that oil prices have risen due to the suspension of oil exports from the Kurdistan Region It remains unstable, even to a lesser extent.

Salman said the Mediterranean refineries were also worried about stopping the export of oil from the Kurdistan Region because they can not buy oil from the Kurdistan Region and do not want to jeopardize their relations with SOMO.

"The suspension of oil exports from the Kurdistan Region will allow Iraq to produce more oil that it has not been able to do so far due to OPEC Plus restrictions, which will increase its revenues," he said. "This will put the Kurdistan Region under the burden of reducing oil production within the framework of OPEC Plus measures," he said.

Looked back through your posts on this and other shares, lots of supposedly informed statements about SP rises, short sellers, MM manipulation, what's going to happen next etc, that are utter twaddle and it seems whatevers in your head at that moment.

kipper6x6 Telegram, look up Poly London or Polymetal London. Activity moderated so the disruptors don't get a hold.