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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    To stop oil production..the Norwegian company "DNO" freezes its work in Kurdistan

    Rocky
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    • Post n°1

    To stop oil production..the Norwegian company "DNO" freezes its work in Kurdistan Empty To stop oil production..the Norwegian company "DNO" freezes its work in Kurdistan

    Post by Rocky Thu 11 May 2023, 2:04 pm

    [size=52]To stop oil production..the Norwegian company "DNO" freezes its work in Kurdistan[/size]
    • Today 20:58




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    Information / translation ..
    A report by Reuters revealed that the Norwegian company DNO canceled, on Thursday, its special directions regarding oil production in Iraqi Kurdistan, after the halt in exports since last March, which forced it to stop production. 
    The report, which was translated by the information agency, stated that "Turkey stopped pumping about 450,000 barrels per day of Iraqi crude from a pipeline from the border area of ​​Fish Khabur to the port of Ceyhan on March 25, after Iraq won an arbitration case in the Paris-based International Chamber of Commerce."
    He added, "The Norwegian company told it today regarding the results of the first quarter of this year that until the resumption of exports and the regularity of payment for previous and current oil sales, the company cannot provide any forecasts for Kurdistan's production for the entire year.” 
    He explained that "the halt in production led to a decline in the company's shares in Oslo by 3.9 percent." The CEO of the company, Bijan Musafir Rahmani, said in a call, "We are preparing ourselves to work on the ground as soon as the opportunity arises, and that may be within a week or two, but there are a number of considerations, Including: The most important of which is the presidential elections in Turkey on May 14, with the possibility of restarting the pipeline.” The 
    The Kurdistan Regional Government had confirmed this day that Baghdad and the Kurdistan Regional Government had asked Turkey to resume oil export flows, after traders who buy crude from the Kurdistan region signed contracts with a marketing company Iraqi state-owned oil SOMO, according to informed sources,
    it is noteworthy that "Norwegian DNN's production represents nearly 80 percent of the company's total net production of oil and gas in the first quarter of 2023, which amounted to 89,400 barrels of oil equivalent." Ended/ 25 zd
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