DNO Co. achieves unexpected profits in Kurdistan

DNO Co. achieves unexpected profits in Kurdistan

(IraqiNews.com) The DNO Norwegian Company in Kurdistan Region announced achieving large profits in the third quarter of 2012.

A statement by the Company cited that “It achieved pure profits that surpassed the expectations,” stressing that “The process of developing Tawki oil field which DNO assumes its operation moves forward.”

“The total production of oil and gas exceeded 100,000 barrels per day during the third quarter of 2012,” the statement added.

DNO Co. is one of the oil companies that are operating in Kurdistan Region which have contracted with the Regional Government of Kurdistan.

One Response to "DNO Co. achieves unexpected profits in Kurdistan"

  1. Re da Caste  November 16, 2012 at 1:32 am

    In spite of the nice figures for DNO the stocks loose over 5% today. This maily because the uncertainity around the heavy delaid payment by KRG. This is NOT acceptabel!


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