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The latest update is out from DNO ASA ( (GB:0MHP) ).
DNO ASA has been instructed to prepare for the commencement of oil exports through the Iraq-Türkiye Pipeline following agreements between the Federal Government of Iraq, the Kurdistan Regional Government, and international oil companies. The company will deliver the Kurdistan Regional Government’s share of sales from its Tawke license for export, while continuing to sell its share locally. DNO is also launching a major production expansion program at the Tawke and Peshkabir fields to replace damaged equipment and drill new wells, aiming for a production target of 100,000 barrels a day in 2026, which is expected to generate significant value for the company and Iraq.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea, and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds stakes in onshore and offshore licenses at various stages of exploration, development, and production in regions including Kurdistan, Norway, the United Kingdom, Côte d’Ivoire, the Netherlands, and Yemen.
Average Trading Volume: 2,443,733
Current Market Cap: NOK15.59B
For an in-depth examination of 0MHP stock, go to TipRanks’ Overview page.