Norwegian oil company DNO ASA (DNO.OS) confirmed Wednesday that it has received $30 million from the regional government in Iraqi Kurdistan for oil exports from the Tawke field, boosting hopes that payments will happen on a regular basis. The regional government in Kurdistan said Monday it had authorized payouts of a total $75 million to exporting oil companies, following an announcement in August that it would start paying companies on a regular basis. The previous government payout to oil companies in the region for their exports was in December 2014. The Kurdistan government is struggling to cover its financial needs amid lower oil prices, but acknowledged that it’s unrealistic to expect international oil companies to keep producing and exporting oil at the current pace without predictable payment. Oil exports from Kurdistan are taken to the global market through a pipeline to Ceyhan, Turkey, and is […]