OSLO, Jan 18 (Reuters) - Shares in Norwegian oil group DNO International extended gains on Tuesday after the Kurdish Regional Government said it had agreed with Baghdad to resume oil exports from the Iraqi region by the end of February.
Shares in DNO, which has a field in Kurdistan, were up 6.01 percent to 9.52 crowns at 1042 GMT -- hitting their highest level in three weeks.
Before the announcement the stock was up as much as 5 percent on unconfirmed reports of a deal, which would allow DNO to export up to 50,000 barrels a day from Iraq.
There was no immediate confirmation from the Iraqi government.
DNO was not immediately available for comment.
(Reporting by Oslo newsroom) Keywords: DNO IRAQ/ (wojciech.moskwa@reuters.com; +47 22 93 69 62; Reuters messaging: rm://wojciech.moskwa.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Shares in DNO, which has a field in Kurdistan, were up 6.01 percent to 9.52 crowns at 1042 GMT -- hitting their highest level in three weeks.
Before the announcement the stock was up as much as 5 percent on unconfirmed reports of a deal, which would allow DNO to export up to 50,000 barrels a day from Iraq.
There was no immediate confirmation from the Iraqi government.
DNO was not immediately available for comment.
(Reporting by Oslo newsroom) Keywords: DNO IRAQ/ (wojciech.moskwa@reuters.com; +47 22 93 69 62; Reuters messaging: rm://wojciech.moskwa.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.