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UAE’s Dana Gas still in talks with Iraq for Kurdish gas The UAE’s Dana Gas, which is expanding its gas activities in Iraq’s semi-autonomous Kurdish region, is still in talks with Baghdad and other potential buyers for a gas sales agreement for its second train as Baghdad seeks to lower reliance on Iranian energy imports. Dana Gas, which is part of the Pearl Consortium expanding the Khor Mor gas field in the Kurdish region, is in talks with other parties, including Turkish and Kurdish buye...

UAE’s Dana Gas posts gains in Q1 profit May 10, 2021 2:23:pm Summary by: Daniel Graeber Posted in: UAE’s Dana Gas posts gains in Q1 profit Emirati energy company Dana Gas said May 9 its 41% improvement in Q1 2021 net profit over last year was the result of production increases from the Kurdish region of Iraq. Net profit for the three-month period ending March 31 was $24mn, up from the $17mn reported in Q1 2020. Lower borrowing costs and the increase in gas production from the semi-autonomou...

Dana Gas said the increase in net profit was the result of improved revenues from higher production in the Kurdistan Region of Iraq (KRI), and a reducti...

DUBAI: Dana Gas, the UAE energy company, reported a 41 percent increase in first quarter profit to $24 million as it boosted production in the Kurdistan region of Iraq (KRI). Overall revenues rose 9 percent to $106 million compared to a year earlier, the company said in a stock exchange filing on Sunday. A reduction in finance costs also helped to boost the Abu Dhabi-listed

Sharjah: Dana Gas, the Middle East’s largest private sector natural gas company reported a net profit of $24 million (Dh88 million), up 41 per cent in Q1 2021 compared to $17 million (Dh62 million)in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan Region of Iraq (KRI), and a reduction in finance cost due to lower borrowings in Q1 2021 as compared to Q1 2020. Revenue was $106 million, 2 per cent higher compared to $104 million in ...

Dana Gas posts 41% surge in Q1 net profit to $24m SHARJAH, 3 hours, 33 minutes ago Dana Gas, a leading private sector natural gas company, said its net profit was up 41% in the first quarter (Q1) of 2021 reaching $24 million (AED 88 million) as compared to $17 million (AED62  million) in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan Region of Iraq(KRI), and a reduction in finance cost due to lower borrowings in Q1 2021 as com...

Dana Gas reports 41% increase in net profit in Q1 to $24 million 09 May 2021 The firm has announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq. Dana Gas, the Middle East’s largest private sector natural gas company, on Sunday announced its financial results for the first quarter ended March 31, 2021. Net profit was up 41 per cent in Q1 2021 reaching $24 million (Dhs88 million) as compared to $17 million (Dhs62...

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Dubai — The UAEs Dana Gas, which is expanding its gas activities in Iraqs semi-autonomous Kurdish region, is still in talks with Baghdad and other potential buyers for a gas sales agreement for its second train as Baghdad seeks to lower reliance on Iranian energy imports. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Dana Gas, which is part of the Pearl Consortium expanding the Khor Mor gas field in the Kurdish regi...

SHARE Sharjah-based Dana Gas reported a 41 per cent increase in net profit during the first quarter of this year, helped by higher revenues and production from its assets in the Kurdistan region of Iraq. The companys net profit reached $24 million in the first quarter, compared with $17m for the same period last year, Dana Gas said in a statement on Sunday to the Abu Dhabi Securities Exchange, where its shares trade. Revenue rose 2 per cent to reach $106m from $104m during the same period last ...