Dana Gas has signed a revised deal with Egypt that will help it to recover most of the $280 million it is owed by the government for exploration and production assets in the country, the UAE energy company said.
Dana Gas Egypt, a subsidiary of UAE-based Dana Gas, a top private sector natural gas company, has been awarded two onshore concessions in the Nile Delta as part of the 2014 EGAS bidding round held recently in Egypt.
Dana Gas, the Middle East’s leading regional private sector natural gas company, has secured through its wholly owned subsidiary Dana Gas Explorations, a $100 million term facility for the Zora Field Development Project in the UAE.
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.