. Military Space News .
OIL AND GAS
Norway's DNO paid for Kurdish oil exports
by Daniel J. Graeber
Oslo, Norway (UPI) Oct 23, 2015


disclaimer: image is for illustration purposes only

Norwegian oil and gas company DNO announced it became the latest player in the Kurdish oil fields to receive government payments for oil exports.

The Kurdish government in Iraq in early August announced it would allocate some of its revenue to international oil companies on a monthly basis to help cover their expenses.

The Kurdish north hosts some of the larger oil fields in Iraq and while the Kurdish government said crude oil exports are its principle source of revenue, it said it recognized energy companies operating in the region face difficulties moving forward without their share.

DNO announced it received a $30 million payment from the Kurdistan Regional Government for oil exports from the Tawke oil field in the region.

A section of an Iraqi oil pipeline to a Turkish sea port was bombed in July by militants with the Kurdistan Workers' Party, known by its Kurdish initials PKK. The group, which has been waging war with the Turkish government, has been accused of having ties with the group calling itself the Islamic State.

DNO said operations at its Tawke oil field continued uninterrupted during the shut down of the pipeline in Turkey. The pipeline has a maximum capacity of around 400,000 barrels of oil per day.

DNO said production from Tawke to date averaged about 157,000 bpd, of which the bulk was transferred to the Kurdish government. About 20,000 bpd was sold by DNO to the local market and another 3,500 bpd processed in a local Kurdish refinery.

Rivals Genel Energy and Gulf Keystone Petroleum confirmed Kurdish government payments earlier this month. Companies working in the region in the past scaled back operations because of a lack of payment.

The Kurdish government in early 2015 reached a deal with Baghdad to export some of its crude oil in exchange for a portion of overall oil revenue.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Russian gas giant: Expansion of pipeline ensures reliability
Paris (UPI) Oct 23, 2015
Russian natural gas company Gazprom said expanding the Nord Stream pipeline to Europe adds another layer of security to the region's energy sector. Russia meets about a quarter of European gas needs, though the bulk of that gas runs through a Soviet-era pipeline network in Ukraine. Conflict and ongoing debt issues between Gazprom and Kiev have created risks to the conventional artery, a ... read more


OIL AND GAS
USS Ross intercepts ballistic missile during coalition test

Russia Calls on US to Abandon Plans to Place Missile Defense in Romania

Russia's Aerospace Forces Never Miss a Missile Launch... Anywhere

Space-based missile warning continues expansion

OIL AND GAS
Latvia orders additional RBS 70 missiles

UN Security Council to discuss Iran missile test

Britain, France extend joint research program funding

New capability for HARM missile tests successfully

OIL AND GAS
Israel prepares to unveil latest anti-drone system

Avio Aero to develop hybrid propulsion system for UAVs

Two armed US Predator drones crash in Iraq, Turkey

Patroller UAV tested in homeland security scenarios

OIL AND GAS
Southeast Asian nation awards Harris $10 million contract for radios

Harris delivering tactical radios to multiple customers

LGS Innovations enhances ISR technologies

Harris supplying tactical radios to Special Operations Forces

OIL AND GAS
Eurenco to supply MBDA with warhead explosives

Benchmark Electronics to acquire Secure Technology

U.S. Air Force awards $176 million for enhanced Sniper ATPs

India paves way for women in army combat roles

OIL AND GAS
U.S. military sales more than $47B in fiscal 2015

Obama vetoes $612 bn defense bill citing Gitmo, 'gimmicks'

Pakistan continues defense export push

Raytheon takes over Foreground Security

OIL AND GAS
Two Chinese diplomats shot dead in Philippines: police

China's Xi leaves UK with EU call, Man City trip

China media laud Xi's British visit

Syria 2015: Spain 1938 or Sarajevo June 1914?

OIL AND GAS
Umbrella-shaped diamond nanostructures make efficient photon collectors

Anti-clumping strategy for nanoparticles

Are cars nanotube factories on wheels

New design rule brings nature-inspired nanostructures one step closer









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.