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DNO ups northern Iraq share
- Iraq: Saturday, December 30 - 2006 at 09:45
Norway's DNO has increased its stake in oil fields in northern Iraq from 40% to 55% after agreeing with the Kurdistan regional authorities to bear all the costs of production sharing agreements, reported Reuters. DNO is the first western company to begin oil exploration work in the war-torn nation since the US led invasion. The firm signed a deal back in 2004.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 30 - 2006 at 09:45 UAE local time (GMT+4)
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This article was updated on Tue Feb 13 2007.
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