BRIEF-DNO says Iraq payment deal still not in place

Wed Nov 11, 2009 6:47am GMT
 
Email | Print | | Single Page
[-] Text [+]

OSLO, Nov 11 (Reuters) - Norwegian oil company DNO International ASA (DNO.OL) said on Wednesday: * Working interest production from Tawke field averaged at 44,500 bopd

* In comfortable position to meet funding requirements without revenues from Tawke export

* To focus on local sales until payment for exported oil from Tawke in Iraq is in place

* A provision of NOK 396 million has been made in the third quarter for accounting purposes to reflect outstanding payment issues and other potential items

(Reporting by Oslo newsroom)

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos