Dragon Oil suffering in the sand

Dragon Oil, the Turkmenistan focused oil company, has struggled with sand production at its wells in the second quarter, causing a drop in production.

Dragon Oil, the Turkmenistan focused oil company, has struggled with sand production at its wells in the second quarter, causing a drop in production.

In the firm's trading update the Chief Executive, Dr Abdul Jaleel Al Khalifa, admits the firm had to "choke" some wells to stop too much sand getting into the oil but says the problem has now been sorted.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.