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Dana reaps reward of scrapping Egypt sale - News for the Energy Sector

Dana reaps reward of scrapping Egypt sale - News for the Energy Sector
energyvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energyvoice.com Daily Mail and Mail on Sunday newspapers.

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UAE's Dana Gas still in talks with Iraq for Kurdish gas | Hellenic Shipping News Worldwide


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 buyers, for a sales gas agreement for the second phase of the expansion, which amounts to 250 MMcf/d, CEO Patrick Allman-Ward said May 9 on a call with journalists. He mentioned the talks in February. ....

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UAE's Dana Gas posts gains in Q1 profit


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-autonomous Kurdish north led to the increase.
Revenue in Q1 was $106mn, 2% higher than during the same period last year. The company also attributed that to improved performance in Kurdistan, along with higher prices for global commodities. ....

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