Norway's DNO Confirms Will Receive Oil Payment From Kurdistan

摘要

Norway's DNO confirmed Wednesday that is to receive an initial payment of $110 million to cover the past costs of developing and producing oil from the Kurdistan region of northern Iraq. "DNO is producing high volumes of crude oil in Kurdistan. A first cash advance to DNO of $110 million has now been confirmed by the Kurdistan Regional Government and forms a basis for increased activities by DNO in Kurdistan going forward," Managing Director Helge Eide said.