UAE Firms Dana Gas, Dragon Oil and TAQA Face 1H13 Woes
UAE energy firms Dana Gas, Dragon Oil and TAQA all reported profits down for the first half of 2013.
For state-controlled Abu Dhabi National Energy Company (TAQA) a profit of $267mn for the first half of 2012 slid into a loss of $18mn for the same period this year. On a quarterly basis the collapse is even more pronounced; a $120mn profit for 2Q12 turned into a $47mn loss for 2Q13.
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