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I guess he means if we added out future output to the current quota. :0/
On September presentation the CEO did say the $6 is ridiculous, or something to that effect, and no oiler would work for that. Nuts.
Kurdistan government said our contracts are protected and the CEO wants to keep that way.
We are definitely much closer to a resolution now than we were a little while ago. The biggest hurdle was Turkey but that is no more.
The Kurdistan Regional Government (KRG) negotiating delegation will return to Baghdad next week to meet with officials from the two Iraqi ministries of finance and oil," Hunar Jamal, spokesman for the ministry, told Rudaw.
"Next week's negotiations with the two ministries are to draft a joint bill to be submitted to parliament in order to amend the articles of the general budget law related to the method of determining the share of the Kurdistan Region and payment of oil companies."
(...)
د. "Another point that is likely to be amended is the clause related to the payment of financial entitlements of oil companies in the Kurdistan Region, which Baghdad has set the amount of six dollars for the production of one barrel of oil and a small amount," he said.
According to the 2023 budget law, the Iraqi Ministry of Finance must pay the financial entitlements of the Kurdistan Regional Government (KRG) oil companies, but according to the criteria followed by the Iraqi Oil Ministry.
JAB, am I thinking right? The shorters would have to buy back, at current sp, just over £4 million worth of shares? :0/
Damn, got my last order in just in time. 1451. Then, I left the room and flicked a switch off. I thought it was a funny switch at the time..it was red and had a plastic cover on the top.
Ignore that. ;0)
Belgrano, apologies but where did you get this info from? Sorry for my amateurish knowledge on this.
Thanks in advance.
ST
110p? Well, just added some pocket money. Added 517 shares at 119.88. As I know news can drop at any minute, 9p ain't something I will worry about.
Good luck all holders.
ST
....hhhmmm
ASA stock exchange.
What's the fine again for not running oil through the pipeline the Iraq government has to pay each day?
How much is the loss in revenue the Iraq government has every month?
The Iraq nation has a lot to lose if the oil doesn't reach Ceyhan end tap. In the end, the whole government and officials are responsible for the trucking business and it should come to an end now.
The pipeline is ready and there should be no longer excuses for it not to run, and they know it. Biden is in the middle east and I guess he's isn't there for Israel only.
Let's see.
Follow the money? Yes pr No? :0)
From ADVFN diamondandpearls: "Producers in this region successfully tapped into more buyers within the domestic market,
Of course they will at $30 when it's trading at $90.
Expect even more before the gravy train finishes very soon.
Iraq must be loving it knowing their oil is being sold at 66% discount." ABSOLUTELY!
ST
I would imagine that curbing any rise in sp could also mean someone wants to buy a share price if the order is substantial? GKP has no debt, so the MMs have to play they hand here. Not saying that's the case but one may wonder, right?
...."One highlight was the performance of KRG-controlled fields, according to the Iraq Oil Report, which collectively saw a boost of approximately 50,000 bpd. Producers in this region successfully tapped into more buyers within the domestic market, bolstering their production figures."....
https://www.oilandgasmiddleeast.com/news/kurdistans-oil-fields-lead-iraqs-production-rise
Ok, JLM, you sold me. Those 814 extra shares just bought are mine. Thanks to all shorters. :0)
Itsaponzi: "Anymore shorts loading up "???
Do anyone here actually care, if the shorts rate go up or down? Last time I checked the % of shorts, after someone here pointed it out, it was something like 2.2%. I figured anything below 8% is just a tickle, and 2.2% isn't even worth talking about it. You must be a joker, I guess.
Anyway, I haven't seen a TR1 telling me an institution sold, so picture myself bending over and giving shorters or those trying to derramp here the Moon with my hairy azzz!
Off to enjoy the sun outside in my French country home. ...À bientôt !
ST
Https://ina.iq/eng/29265-the-cabinet-decisions-during-tuesday-session.html
"...........
"To enhance key strategic projects, drive national development, and secure essential funding within the Iraqi-Chinese framework agreement, an increase in daily oil exports has been approved. The new export volume will be 150,000 barrels per day, a boost from the previous 100,000 barrels per day, calculated monthly."
Very relevant to us ..the above paragraph.
ST
Https://www.yicaiglobal.com/news/chinas-norinco-inks-usd2-billion-deal-for-oil-refinery-expansion-project-in-iraq
"(Yicai) Oct. 18 -- Chinese construction engineering firm Norinco International said it penned a USD2 billion contract to expand the capacity of an oil refinery in Iraq."
Continues...
ST
Https://www.google.com/amp/s/www.arabnews.com/node/2375441/amp
BAGHDAD: The federal government in Baghdad on Sunday agreed to increase funds allocated to Iraqi Kurdistan that are desperately needed to pay salaries in the northern autonomous region....
Continued...