Norwegian energy company DNO said Thursday it plans to invest more on its assets in the Kurdish north of Iraq as the business cycle improves. “We are ramping up production, export and local sales following the recently completed Tawke capacity expansion,” Executive Chairman Bijan Mossavar-Rahmani said in a statement. “We will dust off investment plans as our revenue stream continues to grow.” DNO in a quarterly statement early this month said weak sales to the Kurdish market and the low price of oil forced it to cut capital spending on the back of reduced revenues. For first quarter 2015, production from the DNO-operated Tawke field in the north of Iraq was 104,925 barrels of oil per day, of which about […]