Kurdish oil export payments boost DNO’s performance

25 Aug 2017   Iraq

Norwegian energy company DNO said its overall performance was stimulated by regular payments for oil exported from the Kurdish north of Iraq. Photo courtesy DNO Aug. 24 (UPI) — Revenues for the first half of the year were up more than 40 percent from last year in part because of export payments from the Kurdish north of Iraq, DNO said. DNO, a Norwegian oil and gas company, has a strong presence in the Kurdish region of Iraq, with a net operated production of 114,000 barrels of oil equivalent per day during the first half of the year. At its Tawke license area in the region, gross production averaged 108,434 barrels of oil per day, of which 99.3 percent was sent through pipelines north for exports from Turkey. Revenues in the first half of the year were up 43 percent in part because of regular payments for exports by the […]

Comments are closed.