Norwegian oil firm DNO says Iraq suspension lifted

Oil firm DNO was among the first foreign firms authorised to operate in Iraq following the fall of Saddam Hussein.

Norwegian oil firm DNO announced Tuesday that the suspension of its operations in the Kurdish area of Iraq two weeks ago in a row over stock trading had been lifted.

The Kurdish regional government's suspension of the company turned on information revealed by the Oslo stock market authority alleging implication of a Kurdish minister in a controversial stock transfer.

But the minister rejected the role attributed to him and the company said it was preparing legal action against the stock market authority for what it said about the matter.

DNO was among the first foreign firms authorised to operate in Iraq following the fall of Saddam Hussein.