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May 27, 2020

Genel Energy and DNO witness production decline in Kurdistan amid Covid-19

Norwegian oil and gas operator DNO and Turkish company Genel Energy have announced in separate statements that their production in Kurdistan, the Kurdish-populated region in Iraq, is expected to average 100,000 barrels of oil per day in 2020.

By Yoana Cholteeva

Norwegian oil and gas operator DNO and Turkish company Genel Energy have announced in separate statements that their production in Kurdistan, the Kurdish-populated region in Iraq, is expected to average 100,000 barrels of oil per day in 2020.

This is a result of declining oil prices and irregular export payments, caused by the response to the Covid-19 pandemic.

DNO and Genel Energy have cut production estimates and spending in Kurdistan this year, but have stated that work is ready to resume when prices strengthen again.

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