Tuesday 25 June 2024

DNO flag at a facility

DNO ceases oil deliveries to Iraq-Turkey pipeline for export

OSLO, March 27, 2023

DNO ASA, the Norwegian oil and gas operator, said it has been instructed by the Kurdistan Regional Government to temporarily cease deliveries of oil to the Iraq-Turkey pipeline for export after an artbitration ruling. 
The ruling has gone in favour of Iraq against Turkey and its state-owned pipeline operator BOTAS for transporting Kurdish oil without prior approval from Baghdad. Details of the ruling have not been released.
Prior to the shutdown, the pipeline carried some 400,000 barrels a day of Kurdish oil and another 70,000 barrels a day of Iraqi oil to global markets.
Diverting to storage tanks
DNO began diverting oil production from its operated Kurdistan fields to storage tanks on March 25, 2023. These tanks can accommodate several days’ production from the Tawke and Peshkabir fields. 
DNO notes from public reports that authorities in Ankara, Baghdad and Erbil are in discussion to reach agreements that will allow oil exports to resume through the pipeline to the port of Ceyhan on the Mediterranean.-- TradeArabia News Service


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