Published by Global Banking & Finance Review®
Posted on March 1, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on Google
DNO and Dana Gas temporarily halted operations at their Kurdistan oil and gas fields on February 28, 2026, as a precaution following joint U.S.–Israel airstrikes on Iran. The move reflects heightened regional security risks amid escalating conflict.
By Nerijus Adomaitis and Maha El Dahan
OSLO/DUBAI, Feb 28 (Reuters) - Oslo-listed DNO and Dubai-listed Dana Gas shut oil and gas production at their respective fields in the Kurdistan region of Iraq, as a precaution, after the United States and Israel launched strikes on neighbouring Iran.
Last year, production facilities at both the Tawke oilfield and Khorm Mor gas field were attacked.
No group claimed responsibility, but an Iraqi government source told Reuters at the time that pro-Iranian militia were suspected.
"Today, as a precautionary measure, we temporarily stopped operations and moved our people to safe locations," DNO Executive Chairman Bijan Mossavar-Rahmani told Reuters.
He added that the company had been preparing for "a possibility of overhead military operations in the region for the last couple of weeks".
DNO and its partner Genel Energy produced over 77,000 barrels of oil per day (bpd) in the fourth quarter of 2025 at their Tawke and Peshkabir fields, situated close to the border with Turkey.
Similarly, production at the Dana Gas-operated Khorm Mor gas field was shut on Saturday as a precautionary measure, a company source told Reuters.
Iraq's oil exports from the Kurdistan region totalled 200,000 bpd in February.
Iraqi Kurdistan's counter-terrorism service said U.S.-led coalition forces intercepted several rockets and drones over the regional capital of Erbil on Saturday, the Iraqi news agency reported.
Security officials told Reuters the attacks targeted U.S. forces stationed near Erbil airport.
(Reporting by Nerijus Adomaitis in Oslo and Maha El Dahan in Dubai, editing by Gwladys Fouche and Louise Heavens)
DNO and Dana Gas halted oil and gas production in Kurdistan as a precaution after US and Israel launched strikes on Iran, raising regional security concerns.
The Tawke oilfield operated by DNO and Khorm Mor gas field operated by Dana Gas were affected by the shutdown.
DNO and its partner produced over 77,000 barrels of oil per day in Q4 2025; Kurdistan's total oil exports were 200,000 bpd in February.
The US-Israel strikes on Iran, and previous attacks on oil production facilities, triggered the precautionary halts and security concerns.
Yes, coalition forces intercepted rockets and drones over Erbil, with attacks targeting US forces near Erbil airport.
Explore more articles in the Finance category
