Norwegian company DNO received $ 54.32 million from the Kurdistan Regional Government (KRG), according to a statement by the company.
The company explained that this is in exchange for crude oil deliveries last September for the export market with the supply license from the field “Taoki”.
In addition, the company received $ 4.37 million from the Government of the Territory, representing 3% of the revenues of the license “Tawke”, during the month of October.
The company will, according to the statement, share that amount with its partner, Jinil Energy Limited.
In mid-November, DNO received $ 46.53 million from the regional government from previous shipments in August.