However, the Oslo-listed company is still pressing ahead with investments to significantly upgrade production capacity as well as installation of a new export pipeline at the flagship field, even though Erbil and Baghdad reportedly failed to reach agreementon the contentious issue in the latest round of talks this week.
DNO’s fourth-quarter revenue remained flat at Nkr812 million ($133 million), while the full-year figure increased only 4% year on year to Nkr2.97
