Dana Gas | Egypt Oil & Gas - Part 2

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

Dana Gas Egypt’s Operational Cash Flow Up 175% in H1 2021

Dana Gas reported its performance during H1 2021. The company's Egypt operational cash flow jumped by 175%, reaching $80 million in the mentioned period.

Dana Gas Wins Arbitration On Sale Of Egypt Assets

The London Court of Arbitration (LCIA) has ruled in favor of Dana Gas against IPR Wastani Petroleum’s arbitration on IPR’s Sale and Purchase Agreement (SPA) for the oil and gas assets in Egypt.

Dana Gas Increases Production by 2% YoY

Dana Gas’s total production has averaged around 64,900 barrels of oil equivalent per day (bbloe/d) indicating a 2% increase compared to 63,650 bbloe/d in Q1 2020.

Dana Gas, Crescent Petroleum Resume Khor Mor Expansion Project

Dana Gas, and its partner Crescent Petroleum have resumed the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum con ...

Dana Gas Terminates Egyptian Assets Sale Agreement

Dana Gas has terminated its agreement with IPR Wastani Petroleum Ltd for the sale of its Egyptian assets, according to Dana Gas’ press release.

Dana Gas Boosts Resilient Operational Performance in 2020

Dana Gas Company announced its preliminary unaudited financial Results for the full year 2020.

Khor Mor Achieves Gas Production Record of 430 mmcf/d

Dana Gas achieved a production record from Pearl Petroleum’s Khor Mor Gas Plant of 430 million cubic feet per day of gas (mmcf/d) on December 15 in the Kurdistan Region of Iraq (KRI).

Dana Gas Records Net Profit of $31 MM in Nine Months

Dana Gas Company announced that it generated a net profit of $31 million during the first nine month of 2020 compared to $69 million during the same period of 2019, excluding one-off non-Cash impairments and other ...

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