Egypt Assets Sale
Sunday, 25th July 2021
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.
Sunday, 25th October 2020
Dana Gas and IPR Wastani Petroleum Ltd have entered into a binding agreement for the sale of Dana Gas’s onshore Egyptian producing oil and gas assets valued at $236 million including contingent payments.
Thursday, 3rd September 2020
Dana Gas is currently in negotiations with IPR Energy about the sale of its Egyptian assets ahead of repayment of about $300 million in debt in October.
Thursday, 23rd April 2020
Dana Gas’s proceeds from selling its Egypt assets will go towards paying $397 million of outstanding Sukuk.