Wires

DNO says don't yet know size of Iraq oil payout

OSLO, Oct 8 (Reuters) - Norwegian oil and gas company DNOInternational don't yet know how big an oil payment itwill receive from Iraqi authorities, a spokesman said on Monday.

The Kurdistan Regional Government (KRG) on Monday received afirst installment of 650 billion Iraqi dinars ($558.90 million)from Baghdad to be distributed to foreign companies exportingoil.

"We don't yet know how this money is to be divided and howmuch of it we will get," DNO spokesman Tom Bratlie told Reuters."But it is positive KRG has received the money," he added.

Iraqi Kurdistan's leading oil producer, Genel Energy, said on Monday it would keep crude exports flowingafter the KRG finally received an initial payment from Baghdad.[ID:nL6E8L8B45}($1 = 1163.0000 Iraqi dinars)

(Reporting by Victoria Klesty and Ole Petter Skonnord)

((victoria.klesty@thomsonreuters.com; +47 2293 6979; ReutersMessaging: victoria.klesty.thomsonreuters.com@reuters.net))

Keywords: DNO IRAQ/