Kurdistan Minister Dr Ashti Hawrami speaks
about DNO and Genel Enerji
Kurdistan region 'Iraq', — Dr Ashti Hawrami, the
Minister of Natural Resources of the Kurdistan
Regional Government, comments on the events of the
past three weeks and why the success of the Genel
Enerji and DNO has been so important to the Region.
Kurdish Oil Minister Ashti Hawrami has claimed that
DNO International's managing director Helge Eide
personally asked him to buy shares in the Norwegian
Hawrami's revelation - which came in an eight-page
statement published on the Kurdish Regional
Government's (KRG) site - contradicts Eide's
previous statements about the October 2008 share
In October last year, DNO sold 44 million of its own
treasury shares to help pay for its operations in
the Kurdish region of Iraq.
It later emerged that the KRG helped DNO with the
sale, and that the shares later ended up in the
hands of Turkey's Genel Enerji.
On Friday, Norway's white collar crime unit, Okokrim,
launched a criminal investigation into the matter.
DNO and Eide have claimed that they were not aware
that the KRG bought the DNO shares.
This claim was firmly rebuffed by Hawrami in his
"In September , said DNO's managing director [Eide]
said to me that they will be selling some shares and
asked if the KRG could take them," he said.
Dr Ashti Hawrami, Kurdistan Regional Government
minister of natural resources
Helge Eide, the DNO International's managing director
Kurdish Oil Minister has claimed that
Eide asked him to buy shares in the Norwegian