Norway's DNO Expects Kurdish Oil Export Payment Soon

Norwegian oil firm DNO expects export payments from the Kurdish Regional Government to come soon as a deal with Iraq's government could strengthen KRG's ability to pay oil firms in the region what they are owed, it said on Thursday.

"We expect a large reconciliation from the KRG soon, if it will be paid in one or several parts we will have to wait and see," Chief Financial Officer Haakon Sandborg told Reuters at the sidelines of an energy conference.

Iraq's government will make a budget payment to Kurdish authorities "within days", the finance minister said on Wednesday, playing down concerns that an oil export deal that helped thaw bilateral relations could collapse..

"The agreement between Baghdad and the KRG strengthens KRG's funding situation and we believe that will have a positive effect for operators and exporters in Kurdistan," Sandborg said.

Reporting by Stine Jacobsen and Joachim Dagenborg