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GREEK TRAGEDY IN NEW BLOW FOR REGAL
Crisis-hit Regal Petroleum has shut
down production at Greek subsidiary
Kavala Oil after an industrial dispute
steadily escalated.
Regal, which warned full year earnings
will fall short of market expectations,
admitted it is reviewing its Greek
operations after a series of setbacks.
The group promised an audit of its
reserves in Greece and the Ukraine with
its first half results on September 28.
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