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Kurdistan Regional Government (KRG) Pays DNO ASA 50 Million for Oil Exports

DNO owns 75 percent stake in the Tawke license which consists of the Tawke and the Peshkhabir fields in Duhok near the Syrian and Turkish borders.

Kurdistan Regional Government (KRG) has paid DNO ASA (Norway) a payment in the amount of US$50 million for January oil exports. DNO ASA released a statement Wednesday announcing the payment, “reported receipt of USD 56.44 million from the Kurdistan Regional Government as payment for January 2018 crude oil deliveries to the export market from the Tawke license."

DNO owns 75 percent stake in the Tawke license which consists of the Tawke and the Peshkhabir fields in Duhok near the Syrian and Turkish borders. KRG currently exports 300,000 bpd. 

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