UK’s Gulfsands sees risk to work on financial fears

摘要

Dubai—The UK’s Gulfsands Petroleum, which has been trying to establish a new core operating area in Morocco after declaring force majeure in Syria, said Wednesday its work program might face a further shakeup following threats by a creditor to pull a crucial loan facility. It is the third London-listed oil junior operating in the Middle East and North Africa region to face severe disruption of its corporate plans and financing following the recent sharp drop in international oil prices.