Friday 8 May 2015

Weak Iraqi oil demand hurts Norway's DNO

OIL AND GAS
Weak Iraqi oil demand hurts Norway's DNO
Oslo, Norway (UPI) May 6, 2015 - Though it reached its capacity target at an oil field in the Kurdish north of Iraq, Norwegian energy company DNO said Wednesday it suffered heavy losses. DNO said it hit a daily production record at the Tawke field of just over 150,000 barrels of oil, adding it had the installed capacity to hit the 200,000 bpd mark. "Discussions are underway with the [Kurdish] Ministry of Natural ... more


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