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Dana Gass KRI and Egypt collections almost doubled in 9M 2021 Collections reach $256 million in first nine months of 2021 ... | October 6, 2021

Dana Gas, the Middle Easts largest private sector natural gas firm, announces that its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED938 million).

Sharjah: UAE-based natural gas company Dana Gas has earned $256 million from its Egyptian and Iraqi Kurdistan sites so far this year — a 102 percent increase from the same period in 2020. In Egypt, Dana Gas collected $125 million during the first nine months of 2021, compared to $53 million in the same period a year earlier, representing a 136 percent increase. In the

SHARJAH, 6th October, 2021 (WAM) -- Dana Gas has announced that its 9 million 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102 percent year-on-year to $256 million (AED938 million) from $127 million (AED466 million) in the same period the previous year. Dana Gas, which owns a 35 percent interest in Pearl Petroleum, saw its share of collections from sales of condensate, LPG and gas in the KRI jump 77 percent to $131 million (AED480 million) in the first nine.....

A court of arbitration has ruled against Iran over failure to supply Sharjah-based Dana Gas in a 2001 energy deal marred by a price dispute and graft allegations.

First-half 2021 revenue increased by 19% to Dh792 million

Dana Gas, the Middle East’s largest regional private sector natural gas company delivered one of its strongest half-yearly results with H1 2021 net profit of $139 million (AED511 million).

Dubai: Dana Gas, the Middle Easts largest regional private sector natural gas company has received an award in its favour dated July 19, 2021 from the London Court of Arbitration (LCIA). The arbitration was initiated on 28 April 2021 by IPR Wastani Petroleum Ltd., (IPR Wastani) a member of the IPR Energy Group, in relation to the Sale and Purchase Agreement (SPA) for the sale of oil and gas assets in Egypt. The Tribunal rejected IPR Wastani’s claim in its entirety. The Tribunal ruled in Dana...

Dana Gas wins arbitration on sale of Egypt assets SHARJAH, 14 hours, 39 minutes ago Dana Gas, a leading regional natural gas company, has received an award in its favour from the London Court of Arbitration (LCIA) in relation to the Sale and Purchase Agreement (SPA) for the sale of oil and gas assets in Egypt. The arbitration was initiated on 28 April 2021by IPR Wastani Petroleum, a member of the IPR Energy Group. The Tribunal rejected IPR Wastani’s claim in its entirety. The Tribunal rule...

“This is one of our best collection periods in the past several years, driven and supported by the strong rebound in oil prices,” said Dr. Patrick Allman-Ward, CEO of Dana Gas. “The respective governments of both the KRI and Egypt are meeting their payment obligations, ensuring the petroleum industry investors are receiving their current monies on time and catching up on overdue payments. “This provides us with the confidence to reinvest in our operations, notably in the KRI where our e...