DNO Results Highlight Corporate Vulnerability To KRG Development
Norwegian independent DNO on 12 February announced record net profits of NOK1.04bn ($189mn) for 2012. It was a ‘milestone year’, for DNO, said company Chairman Bijan Mossavar-Rahmani, who outlined further growth. But expansion is heavily weighted towards the firm’s Kurdistan Regional Government (KRG) assets. And with the KRG providing 45,000 b/d out of global gross production...
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