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Oil firm DNO exports most of its Tawke output, Q1 lags forecast

Published May 8, 2014 Updated May 8, 2014 07:08am

1 min

By Shoaib Ur Rehman

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OSLO: Oil firm DNO International said the vast majority of its output from its prize Tawke field in northern Iraq was exported to Turkey as it reported first-quarter earnings below expectations on Thursday.

The firm posted a net profit of $24 million in the first quarter, against expectations for $47 million in a Reuters poll of analysts, down from $30 million at the same time a year ago.

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