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[size=35][size=35]The Norwegian company "DNO" resumes oil production in Kurdistan[/size]
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2023-08-17 | 04:07
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The Norwegian company turned to recording an operating loss of $15 million in the second quarter of the year, compared to recording a profit of $81 million a year earlier, with its total net production declining to its lowest level in 13 years.
DNO had halted production in the autonomous [You must be registered and logged in to see this link.] region when [You must be registered and logged in to see this link.] closed an export pipeline in March after Baghdad won an arbitration case at the [url=https://www.alsumaria.tv/Entity/66398/%D8%A7%D9%84%D9%85%D8%BA%D8%A7%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A8%D8%A7%D8%B1%D9%8A%D8%B3/ar/]Paris[/url]-based [url=https://www.alsumaria.tv/Entity/118737/%D8%BA%D8%B1%D9%81%D8%A9 %D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9/ar/]International Chamber of Commerce[/url].
The company said, on Thursday, that its main Tawki field is now producing at a rate of 40,000 barrels of oil per day, while the neighboring Bishkabir field is still closed.
"While there is no light at the end of the export pipeline, we expect ... more and more trucks moving our Tawki field cargoes on a pay-and-load basis," said Bijan Musafir Rahmani, CEO of DNO.
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2023-08-17 | 04:07
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Alsumaria News - Economy
The Norwegian Oil Company (DNO) announced today, Thursday, that it had partially resumed last month oil production from the Tawki field in the Kurdistan region of Iraq and produced oil for the local market at a reduced price, with the continued closure of a major export pipeline.
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The Norwegian company turned to recording an operating loss of $15 million in the second quarter of the year, compared to recording a profit of $81 million a year earlier, with its total net production declining to its lowest level in 13 years.
DNO had halted production in the autonomous [You must be registered and logged in to see this link.] region when [You must be registered and logged in to see this link.] closed an export pipeline in March after Baghdad won an arbitration case at the [url=https://www.alsumaria.tv/Entity/66398/%D8%A7%D9%84%D9%85%D8%BA%D8%A7%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A8%D8%A7%D8%B1%D9%8A%D8%B3/ar/]Paris[/url]-based [url=https://www.alsumaria.tv/Entity/118737/%D8%BA%D8%B1%D9%81%D8%A9 %D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9/ar/]International Chamber of Commerce[/url].
The company said, on Thursday, that its main Tawki field is now producing at a rate of 40,000 barrels of oil per day, while the neighboring Bishkabir field is still closed.
"While there is no light at the end of the export pipeline, we expect ... more and more trucks moving our Tawki field cargoes on a pay-and-load basis," said Bijan Musafir Rahmani, CEO of DNO.
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