编辑: ACcyL | 2014-03-21 |
sentitlementvolumesare currentlyexportedoutoftheCaspianSearegionto internationalmarketsviaBaku,Azerbaijan.Prolonged disruptionorlossofthisroutecouldleadtosevere economicconsequencesforDragonOil. Inthepast,DragonOilusedaswapagreementwithan Iraniancounterpartytosellitsshareofcrudeoil production.Atthemoment,thisrouteremainsunavailable. VarioussanctionsagainstIranandIranianentitiespassed bytheUnitedNations,theEuropeanUnionandtheUnited Statesintensifiedduring2011and2012andcontinuedto beinplacein2013. TheGrouppossessesconsiderableexperiencein marketingwithintheCaspianSearegion.Ithasreached anagreementformarketingthefullexportentitlementoil productionviaBakuuntil31December2014. DragonOilcontinuestoseekalternativemarketing opportunitiesthatwouldbedeployedshouldthecurrent arrangementsexperienceinterruption.Alternative optionsareavailableforpartialvolumesthrough MakhachkalainRussiaorKazakhstan,butsales wouldlikelybeatcomparableorlargerdiscountsthan currentlyachieved. DevelopmentsinthevarioussanctionsagainstIranand Iranianentitiesaremonitoredcloselyanddiscussedwith specialistlawyers. Relianceonsole producingasset TheGroup'
srevenuesarede........