IRAQ

DNO Estimates KRG Receivables At $1bn

Norway’s DNO, operator of the largest producing field in the semi-autonomous Kurdistan region of Iraq, says it estimates that it is owed roughly $1bn by Erbil, equal to the Oslo-listed independent’s entire market capitalization. Production from Tawke hit a daily gross production record of 180,130 b/d of oil equivalent (boe/d) in the second quarter but further investments will remain on hold unless regular payment is made, says...