MARKETS

Karoon profits more than triple over first half

AUSTRALIAN oil producer Karoon Energy posted net profits after tax of US$82.4 million, more than triple the US$22 million over the same period a year before.

paul hunt

Karoon profits more than triple over first half

Karoon, which acquired the offshore Buana oilfield in Brazil from Petrobras in 2020, produced 3.37 million barrels of crude over the six months ended December 31. This was 35% higher than the 2.5 Mmbbls...

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