DNO tees up Iraqi oil production

Shares of Norwegian oil firm DNO jumped more than 10% on Monday amid optimism it will start pumping crude in Iraq.

DNO said that if tests go well, it should start production at its Tawke field in northern Iraq early in 2007.

In mid-morning trading, the stock was trading at 54.50 crowns, valuing the firm at 12.2bn crowns ($1.9bn: