If you own shares in a company, it goes without saying that you don’t want to hear bad news. Shareholders in this oil company have had bucket loads of it recently. At the end of July, the company suspended its chief executive and chief operating officer – it is investigating whether or not they have been paid money from an unauthorised source.
The situation deteriorated further last week, when the ongoing fighting in Kurdistan forced it to suspend operations at its key project in the country. It wasn’t producing much oil, but was expected to make a big contribution in [...]
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