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
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
-
The five insurance policies you should haveSome insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.
