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Dragon Oil Says Iran Sanctions May Make Rig Payments ‘Difficult’
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Dragon Oil Plc said tightening international sanctions against Iran may make it “more difficult” for the Dubai-based explorer to make payments for a rig operating in the Caspian Sea.
Dragon is using the Iran-Khazar rig, owned by National Iranian Oil Co., to drill wells off Turkmenistan. The company has “ways to pay for it” without violating the sanctions, said Chief Executive Officer Abdul Jaleel Al Khalifa. He declined to elaborate.