DNO Increases Oil Production in Iraqi Kurdistan

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DNO Increases Oil Production in Iraqi Kurdistan

Norway’s DNO has suggested increased oil production at its operations in Iraqi Kurdistan:

Kurdistan manufacturing: In Q1 2025, DNO’s net production in Kurdistan was 61,six hundred barrels of oil equal in keeping with day (boepd), an eleven% growth region-on-zone.

Operational Measures: in spite of the closure of the Iraq-Türkiye export pipeline (ITP), production from the Tawke licence (DNO 75% and operator) turned into stabilized and even accelerated via rigless interventions.

sales and revenue: Oil from the Tawke licence become offered at DNO’s Fish Khabur terminal to nearby buyers at USD 35 in step with barrel, with bills made in advance.

monetary effect: Tawke licence sales averaged USD 20 million in keeping with month, generating around USD 10 million of free coins glide.

Strategic technique: DNO maintained manufacturing with minimal investment, highlighting efficient control amid pipeline closures.