Clarifying DNOs position on exports from Kurdistan
(Thomson Reuters ONE) -
In a Stock Exchange Notice released on 24 January 2011 DNO made reference to a
press released published by the KRG on 22 January 2011, where amongst other
things it was reported that the central government in Baghdad and the Kurdistan
Regional Government (KRG) has agreed to resume exports of crude oil from the
Kurdistan Region of Iraq by February.
Furthermore it was reported by DNO that the Company has the facilities and
infrastructure to commence exports from the Tawke oil field in Kurdistan on
short notice, and that the Tawke facilities currently have an export capacity of
at least 50,000 bopd.
In some media reports following the release of the Stock Exchange Notice from
DNO, certain headlines and quotes suggested that DNO will not commence export
from Tawke until the agreement between the KRG and the central government in
Baghdad was clarified. These headlines and quotes are misleading and do not
represent the position of the Company.
"We certainly share the common goal of resuming oil exports from the Kurdistan
region as soon as possible and regret that this was misrepresented in certain
media reports. DNO will continue to work closely with the KRG on all matters
relating to our contracts and comply with the instructions given by the KRG as
regulator", says Helge Eide, Managing Director of DNO International ASA.
Currently DNO can not report any information beyond what was published by the
KRG on 22 january 2011, and the Company will report to the market as soon as new
and relevant information is available in this matter.
Oslo, 27 January 2011
DNO International ASA
Corporate Communications
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO International ASA via Thomson Reuters ONE
[HUG#1483107]
Unternehmensinformation / Kurzprofil:
Datum: 27.01.2011 - 18:00 Uhr
Sprache: Deutsch
News-ID 50806
Anzahl Zeichen: 2543
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 236 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Clarifying DNOs position on exports from Kurdistan"
steht unter der journalistisch-redaktionellen Verantwortung von
DNO International ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
