Tag Archives | Turkish Energy Company (TEC)

DNO Joins ExxonMobil on Baeshiqa License

DNO ASA, the Norwegian oil and gas operator, today announced an agreement with ExxonMobil to join the Baeshiqa [Bashiqa, Bashika] license in the Kurdistan region of Iraq. DNO will assume operatorship of the license with a 40 percent paying (32 percent net) interest, acquiring one-half of ExxonMobil’s position. ExxonMobil retains a 40 percent paying (32 […]

Kurdistan Begins Oil Exports via Turkey

By John Lee. Turkish Energy Minister Taner Yildiz (pictured) said today that Kurdish oil has started flowing to the Turkish port of Ceyhan via the new pipeline, but it will not be shipped to world markets without agreement from Baghdad. According to Reuters, the Minister said he hopes a deal allowing exports to begin can […]