DNO IRAQ A.S.

DNO Iraq AS - Company Profile

Company Introduction:

DNO Iraq AS is a subsidiary of DNO ASA, a Norwegian oil and gas company with a strong focus on the Middle East and the North Sea. DNO ASA is a prominent international upstream company involved in the exploration, development, and production of crude oil and natural gas. DNO Iraq AS specifically manages and oversees the parent company's substantial assets and operational activities within the Kurdistan Region of Iraq (KRI). The company holds significant interests in key oil fields in the KRI, such as the Tawke and Peshkabir fields, which are vital to the region's oil production. Its operations span geological and geophysical surveys, drilling, reservoir management, and the establishment and maintenance of production infrastructure.

Nature of Business: Factory or Trader?

DNO Iraq AS is neither a traditional factory nor a pure trading company. It functions as an upstream oil and gas producer. This means its core activities involve the exploration for hydrocarbon reserves, the development of oil and gas fields, and the subsequent extraction and production of crude oil and natural gas from these fields. While it produces a raw commodity, it does not engage in the manufacturing of finished goods in a factory environment, nor does it primarily act as a middleman buying and selling pre-existing products. Its role is that of a primary energy producer.

Note on Turkey:

While DNO ASA is a globally active corporation and oil from the Kurdistan Region of Iraq is frequently transported via pipelines through Turkey to international markets, DNO Iraq AS's primary operational base and hydrocarbon assets are located within the Kurdistan Region of Iraq. The company's name, DNO IRAQ A.S., directly indicates its focus on its Iraqi operations.

DNO IRAQ A.S. primarily produces and sells crude oil and natural gas. These products are extracted from its exploration and production operations located in the Kurdistan Region of Iraq.