DNO says its Iraq May oil output up to 11,685 bpd

OSLO, June 18 (Reuters) - Norwegian oil company DNO (DNO.OL) said on Wednesday its output in Iraq, on a working interest basis, jumped to 11,685 barrel per day in May from 5,961 barrels in April.

DNO produces oil at the Tawke field in northern Iraq under a production sharing agreement with the Kurdistan regional authorities.

"Gross production from the Tawke field in May was 12,983 bopd, up more than 100 percent compared to previous month. The increase is due to higher sales volumes in the domestic market," DNO said in a statement.

DNO's total working interest production amounted to 21,889 bpd in May, including output from its Yemen fields, up from 15,962 bpd in April, the company said.

Total net entitlement production was at 13,874 bpd, and the achieved oil price was $69.49 per barrel, DNO said.

DNO sells its Iraqi oil on the local market, where prices are lower, because it does not have an export licence.

(Reporting by Aasa Christine Stoltz)