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OSLO (Reuters) - Shares in Norwegian oil
group DNO (DNO.OL: Quote, Profile, Research) slid 10
percent on Wednesday after a new report cast doubt
on whether Baghdad would let it exploit an oil find
in a northern Kurdish area (Kurdistan), traders
said.
The shares down 5.4 Norwegian crowns to 48.0 by 1146
GMT. DNO has repeatedly said that it has accords
both with Kurdish authorities in the north and a
memorandum of understanding with central
authorities.
"We do not understand what type of company DNO is
when they invest millions of dollars without
ensuring they have rules to protect them," the
Internet daily Nettavisen quoted Iraqi Oil Ministry
spokesman Asim Jihad as saying.
"They did not follow the rules we use in the
ministry," he said. DNO shares also fell sharply on
Tuesday after a similar report by Nettavisen, based
on an unnamed source.
Reuters
So much for for autonomy in South-Kurdistan. The
so-called federal Iraq and still the Kurds cannot
decide if they can let a company drill in their own
area. The Kurds apparently stay dependent on
Baghdad. Another reason to let South-Kurdistan
become independent.
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