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DNO provides update on oil exports from the Kurdistan Region of Iraq


Published Aug 20, 2012
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DNO in Kurdistan

DNO International ASA reported that its share of oil exports from the Kurdistan Region of Iraq has averaged 40,000 barrels per day from startup ten days ago and that the Company will continue to deliver these volumes at least through the first week of September as requested by the Kurdistan Regional Government (KRG).

DNO International is also nearing completion of its obligation to the KRG under a previously disclosed protocol to reconcile past accounts and commence application of the fiscal terms and conditions of the existing Production Sharing Contract covering the Tawke license as from 1 June 2012. To meet this obligation, DNO International allocated its share of Tawke production to the KRG for local consumption during June, July and part of August.

Tags: DNO International



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