United Arab Emirates-based energy firm Dana Gas said an international tribunal had issued a favourable ruling in the dispute over a natural gas supply contract between its affiliate Crescent Petroleum and Iran.
The tribunal ruled
Dana Gas, the United Arab Emirates energy firm, said on Wednesday that its second-quarter net profit jumped 70 percent as production across the group rose.
Dana made a net profit of 169 million dirhams ($46.0 million), the company
Iraq's autonomous Kurdish region has rejected a statement by UAE's Dana Gas that a London tribunal had awarded the company the right to receive some outstanding payments from the Kurdish government.
Dana Gas, one of the la
Dana Gas, one of the largest oil and gas investors in Iraq's semi-autonomous Kurdish region, said on Sunday that an arbitration tribunal had awarded it the right to receive some outstanding payments from the Kurdish government.
Abu Dhabi-listed energy firm Dana Gas, one of the largest oil and gas investors in Iraqi Kurdistan, said on Sunday its operations there had not been affected by fighting elsewhere in the country in recent days.
The insurgent offen
Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a 67 per cent rise in operating profits in the first quarter of this year to $45 million as compared to $27 million in Q1 2013.
Dana Gas, a leading natural gas company in the region, posted a net profit of Dh571 million ($156 million) in 2013 compared to Dh605 million ($165 million) in 2012, at its eighth Annual General Meeting (AGM) in Sharjah.
UAE's Dana Gas said it is starting a scheduled upgrade and maintenance work for its Egyptian El Wastani gas plant which requires a temporary shutdown for about two weeks.
The company said in a statement the upgrades would allo
Dana Gas, a leading regional private sector natural gas company, has signed an exploration deal for the North El Arish (Block 6) Concession Area, offshore the eastern Nile Delta.
The 2,980 sq km block was awarded in April 2013 as
Dana Gas made a net profit of 128 million dirhams ($34.9 million) in the fourth quarter of 2013, up 12 percent from a year earlier, the UAE energy company said on Sunday.
Net profit for the full year fell 6 per cent to 571 million