DNO, the first foreign company to drill in Iraq after the U.S. invasion in 2003, has sold much of its output on the local market because of the dispute. It got two-thirds of its output from Kurdistan last quarter and has 55 percent of Tawke, with Genel owning 25 percent and the regional government 20 percent.Source: Bloomberg
DNO Jumps Most in Month as New Wells Push Tawke Output to Record
Thursday, 20th March 2014
Thursday, 11th February 2021
The Norwegian DNO ASA company announced its acquisition of ExxonMobil’s stake which is 32% in the Baeshiqa license located in Kurdistan region of Iraq.
Thursday, 10th September 2020
Iraq’s federal government has requested that the Kurdistan Regional Government (KRG) cut its oil production by 120,000 barrels per day (bbl/d).
Sunday, 21st June 2020
Genel Energy, listed on the London Stock Exchange (LSE), has announced the receiving of payment from the Kurdistan Regional Government (KRG) for May’s oil sales.
Monday, 15th June 2020
Iraq has requested that supermajor BP cut its crude production by 10% at the southern field of Rumaila as Iraq ramps up efforts to comply with OPEC+ cuts.