Norwegian oil firm DNO said on Wednesday it had begun shutting down production at its fields in the semi-autonomous Kurdistan region of northern Iraq after Baghdad ordered a stop last week to exports via a pipeline to a Turkish port. Iraq on Saturday halted crude exports from its northern region after the country won an arbitration case, which said that Turkey violated a joint agreement by allowing the Kurdistan Regional Government (KRG) to export oil to the Ceyhan port. After the ruling, Turkey stopped pumping Iraqi crude from the pipeline, putting production in the region at risk. DNO at first began filling local storage tanks, but those only had capacity for a few
Read More Details
Finally We wish PressBee provided you with enough information of ( DNO shuts oil output as Baghdad orders Turkish export halt )
Also on site :