Thursday 2 December 2021

DNO gets $62m Kurdish crude oil payments

OSLO, June 21, 2018

DNO ASA, the Norwegian oil and gas operator, has reported receipt of $62.19 million as payment for March 2018 crude oil deliveries to the export market from the Tawke license in the Kurdistan region of Iraq.

The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies' interests in the licence.

Separately, a payment of $5.58 million has been received net to DNO, representing three percent of gross Tawke license revenues during March, as provided for under last August's receivables settlement agreement with the Kurdistan Regional Government.

DNO operates and has a 75 per cent interest in the Tawke license, which contains the Tawke and Peshkabir fields. – TradeArabia News Service

Tags: DNO | Kurdistan | Tawke |

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