Source Pravda.Ru

Tatneft posts official statement on losses due to war on Iraq

The Russian oil company Tatneft may suffer losses of $2m due to military operations in Iraq, the company's official statement says. These losses can be caused by the non-fulfillment of a contract on drilling 33 wells, i.e. by the loss of equipment supplied to Iraq. Tatneft is trying to minimize these losses or avoid them.

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