# [WARNING] Khor Mor Gas Plant Still Offline After Major Attack

*Saturday, November 14, 2026 at 4:18 PM UTC — Hamer Intelligence Services Desk*

**Detected**: 2026-11-14T16:18:15.879Z (36m ago)
**Tags**: MARKET, energy, natural gas, oil products, Middle East, Iraq, infrastructure-attack, risk-premium
**Sources**: OSINT
**Permalink**: https://hamerintel.com/data/alerts/30340.md
**Source**: https://hamerintel.com/summaries

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**Summary**: Dana Gas confirms the Khor Mor gas facility in Iraqi Kurdistan remains shut after sustaining significant damage in a recent attack, leaving it unable to produce gas. Prolonged outage at this critical power-feed gasfield tightens Iraqi/Kurdistan gas and power balances and marginally lifts regional oil and LNG risk premia.

## Detail

1) What happened: Dana Gas reports that the Khor Mor gas facility in the Kurdistan Region of Iraq remains offline and “unable to produce gas” following Sunday’s attack, with significant damage cited. Iraqi parliament has set up an investigative committee, implying recognition of the incident’s severity and possible political/ security implications. This confirms that the outage is not a brief disruption but a continuing, open‑ended loss of supply.

2) Supply/demand impact: Khor Mor (operated by Pearl Petroleum, with Dana Gas as a major shareholder) is the key non-associated gas supplier to Kurdistan’s power sector, feeding multiple power plants that provide a large share of the region’s electricity. Pre-attack output has been in the ballpark of ~450–500 mmcfd. A multi-day or multi-week outage could materially reduce available electricity, forcing greater use of oil-derived fuels (diesel, fuel oil) in backup generation or triggering load shedding. Direct seaborne gas export impact is limited (the field feeds domestic power, not LNG export), but it removes incremental gas that might otherwise back out liquids use. If the outage extends, it will marginally support regional fuel oil and diesel demand and could reduce associated condensate/NGL output from Khor Mor, tightening local condensate balances.

3) Affected assets and direction: Primary price impact is on regional risk premia: Kurdistan upstream assets (Genel, DNO, Dana Gas), Iraqi sovereign risk, and to a smaller extent Brent and gasoil futures via higher perceived threat to Iraqi/Kurdish energy infrastructure. Repeated attacks on Khor Mor in recent years have tended to push up local CDS and equity volatility and add a small Middle East risk premium to Brent. Extended outage supports higher regional power fuel prices and modestly bullish positioning in Brent, ICE gasoil and, at the margin, Mediterranean fuel oil cracks.

4) Historical precedent: Previous drone/rocket attacks on Khor Mor (2022–2024) caused short-lived market reactions, but cumulative incidents have shifted investor perception of structural security risk in Kurdistan’s energy sector. The fresh confirmation that the plant remains shut and is significantly damaged suggests a longer repair timeline than earlier skirmishes.

5) Duration: The impact is likely medium-term (weeks to months) rather than purely transient. Repairing significant gas processing infrastructure and addressing security guarantees typically takes time. Unless a rapid restart is confirmed, markets will price a persistent risk premium for Iraqi/Kurdistan gas and associated liquids, with a small but non-negligible spillover into broader Middle East energy risk.

**AFFECTED ASSETS:** Brent Crude, ICE Gasoil, Fuel oil (Med), Dana Gas equity, Iraq sovereign CDS, Kurdistan-focused E&Ps (Genel, DNO, etc.)