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DNO ASA ( (GB:0MHP) ) has shared an announcement.
DNO ASA has announced its support for new agreements between the Federal Government of Iraq, the Kurdistan Regional Government, and international oil companies to resume crude oil exports from Kurdistan via the Iraq-Türkiye Pipeline. The company, which is the largest producer in the region, has significant arrears owed by the Kurdistan Regional Government, making its exposure to future payment risks higher than other companies. DNO is also investing in repairs and new drilling projects in the Tawke license to boost production, while currently selling its oil on a cash and carry basis to local refineries.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea, and West Africa. 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 regions including Kurdistan, Norway, the UK, Côte d’Ivoire, Netherlands, and Yemen.
Average Trading Volume: 2,420,599
Current Market Cap: NOK15.6B
Find detailed analytics on 0MHP stock on TipRanks’ Stock Analysis page.