Dana Gas | Egypt Oil & Gas

Dana Gas to Start Drilling 11 New Wells in Egypt

UAE-based energy firm Dana Gas stated that it expects to start drilling 11 new wells in Egypt this year, and estimates that these wells will add up to 80 billion cubic feet of reserves and production.

Dana Gas Increases Foreign Ownership Limit to 100%

Dana Gas, the Middle East’s largest regional private sector natural gas company, has received regulatory approval to increase foreign ownership in the Company’s shares, in line with the UAE’s new Commercial Compan ...

Dana Gas Net Profits Leap by 125% YoY

In its quarterly report, Dana Gas, the Middle East's largest natural gas company, announced that its net profit increased by 125% in Q1 2022, reaching $54 million or 2.8 fils per share, compared to $24 million or ...

Dana Gas Records Net Profit Worth $317 million in 2021

Dana Gas announced achieving a net profit of $317 million in its preliminary unaudited financial results for the full year, which ended on 31 December 2021.

Dana Gas, Crescent Petroleum Achieve 50% Increase in Gas Production from KRI

Dana Gas and Crescent Petroleum announced that they have achieved 50% growth in natural gas production from their filed “khor Mor” located in the Kurdistan Region of Iraq (KRI) reaching 452 million cubic feet of g ...

Dana Gas Egypt Collections Increase 141% in 2021

Dana Gas announced that its collections from Egypt rose by 141% to record $193 million in 2021, compared to $80 million in 2020.

Dana Gas Egypt Collections Reach $39 million in December 2021

Dana Gas collections from Egypt has reached $39 million (AED 143mm) in December, reducing the Company’s receivables below $30 million, to its lowest levels since commencing operations there in 2007.

Dana Gas Egypt Collections Rise 96%

Dana Gas Company collections from Egypt increased 96% year-on-year in the first ten months of 2021 to reach $133 million from $68 million during the same period of 2020.

Dana Gas Collections in Egypt Reach $125 M in 2021

Dana Gas PJSC , the Middle East’s largest regional private sector natural gas company announced that its 9M 2021 collections from Egypt have increased 136% year-on-year to $125 million (AED 458mm) from $53 million ...

Pearl Petroleum Receives $250m for Expansion Project in Kurdistan

 Pearl Petroleum Company has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (“DFC”) to support the gas expansion works at Kurdistan’s Khor Mor gas plant

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