Thursday 19 July 2018

DNO gets paid for crude deliveries from Tawke. Image: DNO

DNO receives $39.59m from Kurdistan

OSLO, August 9, 2017

DNO ASA, the Norwegian oil and gas operator, has reported receipt of $39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market from the Tawke license in Kurdistan.

The funds, to be shared pro-rata by DNO and partner Genel Energy, include $33.21 million towards monthly deliveries and $6.39 million towards recovery of outstanding receivables, said a DNO statement.

DNO ASA is a Norwegian oil and gas operator focused on the Middle East-North Africa region and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, Oman, Somaliland, Tunisia, the UK and Yemen. - TradeArabia News Service

Tags: DNO | Crude | Kurdistan | Norwegian |

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