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Dragon Oil to miss output goal
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- News Source: Press TV | 3 months agoThe investment banking unit of Bank of America, Merrill Lynch had "had to relinquish the mandate following an internal issue with Bank of America," a spokesman at Dragon said. Sources close to the matter, however, told Reuters that "Merrill had to...
- News Source: Independent | 3 months agoDragon Oil yesterday blamed lower crude prices for a 39pc drop in operating profits to $122m for the first half of 2009...The company also said it would spend up to $300m less than previously planned this year because of delays in building a pipeline...
- News Source: The Daily Star | 3 months agoSources close to the matter said the reason was that Dragon has ties with Iran, which Washington accuses of seeking to build an atomic bomb. “Merrill had to give it up because of the Iran link,” one source said. Dragon produces oil in...
- News Source: Gulfnews.com | 3 months agoDubai-based Dragon said gross output growth for the full year is likely to be below the 15 per cent level which the company is aiming for, annually, over 2009 to 2011, as it unveiled a 37 per cent drop in net profit to $105 million (Dh385 million) in...
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