The closure of a vital oil pipeline in northern Iraq is bolstering international prices and threatens supplies in European countries hunting for alternatives to Russian crude. Producers including Norway’s DNO A, London-listed Gulf Keystone Petroleum and Dallas-based HKN Energy Ltd. say they have either started to shut wells in semiautonomous Iraqi Kurdistan, or will soon do so if the blockage doesn’t free up. The ruling by a tribunal at the International Chamber of Commerce in Paris relates to a pipeline carrying 400,000 barrels daily from Iraqi Kurdistan and 70,000 barrels more from federal Iraq.
Oslo, 29 March 2023 – DNO ASA, the Norwegian oil and gas operator, today announced that it has started an orderly shutdown of its operated oil fields in the Kurdistan region of Iraq four days after it was instructed to temporarily cease deliveries to the Iraq-Turkey Pipeline destined for the Mediterranean port of Ceyhan following an arbitration ruling in favor of Iraq against Turkey for exporting Kurdish oil without Baghdad’s approval. DNO had diverted oil production to storage tanks, but capaci
Oslo, 27 March 2023 – DNO ASA, the Norwegian oil and gas operator, today announced that it has been instructed by the Kurdistan Regional Government to temporarily cease deliveries of oil to the Iraq-Turkey pipeline for export, following an arbitration ruling in favor 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. DNO began diverting oil production from its operated