RE:Oil has begun to flow into Turkey My point of view is that all companies working in the region, exporting or not exporting, will benefit a working payment solution.
Ultimatly i think most juniors are aiming for a take out bid by a major, whatwever they say to investors.
If Genel and DNO gets paid withouth any problems from Turkey i think its game on and consolidation will begin. +50 companies will be reduced to 20 or so.
Dosnt matter if Bagdad is in or not as long as the companies shares are beeing paid out.
Of course it would be benefical to have Bagdad onboard also.
Good article regarding this
"If Baghdad still doesn't pay, I'm sure there will be a new law to pay the companies in future," said Shwan Zulal, who works at the Kurdistan Connect consultancy.
The pipeline will also raise the value of acreage in Kurdish Iraq, and transform the fortunes of the smaller players that were the first to come to the region.
"The value of the blocks will rise, and small oil companies will see their valuations quadruple," said Mr Zulal.
"The majority of small players are in the KRG to find some oil and be bought out by a major."
https://m.thenational.ae/business/industry-insights/energy/no-end-in-sight-for-iraq-oil-row
Ashti Hawrami, Kurdistan’s minister of natural resources, forecasts a wave of consolidation as the majors swoop in.
The number of operators in the region will, he says, soon shrink from 50 to 20 or less.
“We’re moving from the small and the beautiful to the large and the magnificent,” he told the Financial Times.
https://www.ft.com/cms/s/0/d93421e8-3ef7-11e2-9214-00144feabdc0.html#axzz2nXZz5zpw
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