Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Kurdistan receives the Norwegian DNO $ 42.2 million of its oil dues

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 271595
    Join date : 2012-12-21
    • Post n°1

    Kurdistan receives the Norwegian DNO $ 42.2 million of its oil dues Empty Kurdistan receives the Norwegian DNO $ 42.2 million of its oil dues

    Post by Rocky Thu 11 Mar 2021, 7:33 am

    POSTED ON [You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

    [size=52]Kurdistan receives the Norwegian DNO $ 42.2 million of its oil dues[/size]

    [size=45][You must be registered and logged in to see this image.][/size]
    [size=45]The Norwegian company, DNO, operating oil and gas in the Kurdistan Region, announced that it has received a net amount of 42.2 million dollars for the company from the regional government, of which 31.9 million US dollars represents the company's share due in January 2021 to deliver crude oil for export.[/size]
    [size=45]DNO said in a statement, “The marketing was from the Tawke field license in Kurdistan, and there was $ 4.3 million in overpayment equivalent to three percent of the total field licensing revenues under the receivables settlement agreement in August 2017 and $ 6.2 million dollars. For a payment of the company's arrears amounting to 259 million dollars for previous bills.[/size]
    [size=45]She added that “monthly benefits and overrun payments were suspended early last year by the Kurdistan Regional Government, which was affected by the decline in oil revenues and the economic turmoil caused by the Coronavirus pandemic, and after a four-month hiatus, payments of entitlements were resumed in March 2020 and overrun payments have now resumed. With a batch of January 2021 ».[/size]
    [size=45]She pointed out that «the arrears payment is the first payment to be received under the Kurdistan Regional Government’s plan, as of January 2021, and if average Brent prices in any month exceed $ 50 per barrel, half of the additional export revenues will be paid to the Tawke field partners and will be shared proportionally. With their interests in the license ».[/size]
    [size=45]It is reported that DNO has a 75 percent stake in the Tawke field, along with Turkey's Genel Energy.[/size]
    [size=45][You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Wed 05 Jun 2024, 2:23 pm