Brightoil forecasts positive profit

Hong Kong: Hong Kong-based Brightoil announced that the company is expected to record a positive profit for the second half of 2013 as compared to the loss to the same period in 2012.

The company attributes the profits to a significant contribution from international trading and bunkering, cost reductions, improvement of its shipping business and the Dina Gas Field’s stable production.

The company also aims to bolster its upstream business development in 2014, Brightoil said. [24/01/14]

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