Unprofitable Drilling In Romania Widens Petroceltic 1H Loss

09.17.2014 By Oana Gavrila

Oil company Petroceltic said Wednesday it had a loss of $57.4 million in the first half of the year, from a loss of $16.1 million in the same period a year ago, mainly due to the amortization of exploitation expenses in Romania, Kurdistan and Egypt.

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