Iofina hit by cut to brine injections following Oklahoma earthquake
Published: Monday, 23 November 2015
A decision by Oklahoma state authorities to reduce salt water injections by oil and gas producers will reduce Iofina’s capacity to produce iodine. However, the company remains adamant that its H2 2015 targets will be met.
London-listed iodine producer Iofina Plc
has said that its production capacity will be affected by
regulation imposed by authorities in the US state of Oklahoma,
following an earthquake late last week.
An implementation plan prepared by the Oklahoma Corporation
Commission’s (OCC) oil and gas convention division
aims to reduce salt...