DNO Shares Up As CEO Reassures Market On Kurdish Oil Exports

DNO Management. CEO Helge Eide in front. Photo: www.dno.no

Shares in Norwegian oil company DNO International ASA (DNO.OS) rose again Monday as its chief executive said he believes it’s possible to find a solution to the current impasse over its Kurdish oil exports.

CEO Helg Eide addressed journalists in Oslo a week after documents published by the Oslo Stock Exchange triggered a chain of events, which led the Kurdish Regional Government to suspend DNO’s operations and exports in the northern Iraqi region.

Local sales of oil from DNO’s Tawke field in Kurdistan are continuing, though its oil exports from the region have ceased, the CEO said.

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