Russian-focused Irish oil exploration company PetroNeft has reported a narrower first-half loss, despite a drop to $17.5 million in overall revenue.
The company registered a net loss after tax of $2.7 million for the first half of the year — an improvement on the loss of $10.5 million registered during the same period last year.
Production during the first half dropped by 12 per cent compared to the same six months last year. The company said the decrease...
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