Member Info for PhatStyle4321

Confidence picking up here, good sign, and oil price going higher

Good points here however I believe it will be before months end, therefore 2.5 weeks we could have the pipe back online

What a difference a day makes, now we have confirmation that Erdoğan is visiting Iraq, the deal surely has already been done, hopefully after this framework it won’t be happen again, once exports are back online back to 220p, oil price also nicely on the rise.

IEA reports higher prices later in the year due to China demand and supply constraints

Turkey is a huge net importer of Oil and now each side has made their point they want this to come to a swift conclusion.

Kurdistan oil producers will be back on track by month end

Wow great find here, he’s going to sort this out once and for all, these prices will be v cheap once the pipeline is back

Was this today ?

Oil Minister Hayan Abdel-Ghani, said on the side-lines of OPEC seminar in Vienna, last week: "Iraq aspires through promising plans to raise production capacity to 6 million barrels per day, through licensing contracts concluded with companies in the coming phase."

https://www.zawya.com/en/projects/construction/iraq-to-launch-five-new-cities-in-post-war-drive-for-development-anpfva2c?amp=1

Thanks Belgrano,

Nice to once again be in discussion with you

I believe this will get sorted out sooner rather than later, especially the oil price has ticked up.

The loss of revenue is hurting all 3 parties, however once back open GKP will be flying and could easily double from these prices

Https://www.iraqoilreport.com/news/ggip-signing-on-july-10-marks-progress-on-27b-project-45865/

All heading in the right direction Iraq don’t want to be a seen as a bad place to invest

Shorts closed out even more a few days ago, shows that they think the low is in.

Few more weeks and this hopefully gets sorted, even Iraq are suffering as their Kirkuk production can’t get through the pipeline.

This isn’t negative but nothing new, the pipeline will open shortly however GKP should be able to sell locally in the meantime.

Turkey and Kurdish relationship is strong and this is a lose lose situation for everyone

Iraqi Oil Minister says negotiations with Turkey to resume oil exports from the Kurdistan Region continue, but they will increase oil production from southern Iraq to compensate for the suspension of oil exports. On gas, he said, through the fifth and sixth round of contracts for the gas fields, they can reach "self-sufficiency" and export gas.

Iraqi Oil Minister Hayan Abdul Ghani said Thursday that negotiations with Turkey continue to resume oil exports through the port of Ceyhan, which Turkey says was caused by an earthquake The pipe has been damaged.

The oil minister said the Iraqi side should participate in repairing the damage to the "joint" pipeline between the two countries. He also points to Iraq's "great experience" in repairing damaged pipelines.

Abdul Ghani said the oil exported through the port was 500,000 barrels per day.

The Iraqi oil minister said that the suspension of oil exports from the Kurdistan Region will harm the Iraqi budget and this is not allowed, so they are working to increase oil exports in the south of the country in order to compensate for the deficit; To that end, they exported 50,000 barrels more last month.

: Iraqi Oil Minister says negotiations with Turkey to resume oil exports from the Kurdistan Region continue, but they will increase oil production from southern Iraq to compensate for the suspension of oil exports. On gas, he said, through the fifth and sixth round of contracts for the gas fields, they can reach "self-sufficiency" and export gas.

Iraqi Oil Minister Hayan Abdul Ghani said Thursday that negotiations with Turkey continue to resume oil exports through the port of Ceyhan, which Turkey says was caused by an earthquake The pipe has been damaged.

Realistically here, even if this drags on for a few months GKP could just get a loan to bridge the extra costs until oil is allowed to flow, once this happens then back 200p

Hmmm interesting choice of NED on the board

GKP has been through a whirlwind of issues with the worst i recall is ISIS, this is just one of those issues and IMO not that bad as it will have to sort itself out soon.

Iraq, KRG and Turkey are all losing out here and I believe all 3 countries will come to a deal soon enough.

As in the RNS there have been recent developments like the budget and other positive events. If a deal is reached and oil is pumping expect this to fly to 200p very quickly

It was in Italy 6 days ago, unlikely to be transporting oil from Italy to Turkey IMO

Expected ships in Ceyhan

ETA by AIS Vessel

Jul 1, 08:00

PSARA I

Crude Oil Tanker

Jul 3, 14:00

HICRI KAAN

Chemical/Oil Products Tanker

Jul 6, 00:01

KINYRAS

Crude Oil Tanker

All 3 oil tankers expected in the next week, is that interesting ?

https://www.vesselfinder.com/ports/TRCEY001

Shorts finally starting to buy back meaning pipeline could be turned on any day now

Interesting article, oil pipeline could be turned on this weekend or after Eid finishes, if oil starts back up how high will GKP and Genel go ? Iraq is losing out billions because of this and it is a lose lose situation, IMO the opening of the pipeline is imminent