Norwegian firm reactivates Iraqi Kurdistan oil production

Norwegian DNO Company participated in resuming oil production in the Kurdistan Region of Iraq from the Tawke and Peshkabir fields after a long halt. Production from the Tawke field resumed on June 28, and from the Peshkabir field on July 11. Although production levels remain low, the prospects for full recovery depend on well performance and security conditions. During the second quarter of 2026, the company achieved a net production of 273 barrels per day, compared to over 39,600 barrels in the first quarter. There were no sales in the second quarter, with sales averaging 14,753 barrels per day in the first quarter of 2026. The company announced its financial results on August 13, reporting a dividend of 0.375 Norwegian Krone per share and taxes amounting to $98.3 million. It clarified that the resumption of production is part of efforts to restore previous export levels, despite ongoing security and operational challenges.

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