By John Lee.
DNO ASA, the Norwegian oil and gas operator, has provided an update on production, sales volumes and other selected information for the quarter.
Regarding its operations in Iraqi Kurdistan, the company said:
"DNO's share of crude oil from the Tawke license during the quarter has been sold to local buyers as the Iraq-Türkiye Pipeline remained closed. All payments are made in advance of loadings with the vast majority transferred directly into DNO's international bank accounts."
The company will publish its Q1 2025 operating and interim financial results on 15th May.
(Source: DNO)
Why is this pipeline issue taking so long to get decided and solved? It seems that at thims moment in time no one seem to care about all investments which are already made and the business continuation.. so strange ...