Dana Gas Wins Arbitration On Sale Of Egypt Assets

• Sunday, 25th July 2021
• by Editorial Team

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, a statement reported. T...

Dana Gas to Sell Egypt Onshore Assets to IPR for $236 MM

• Sunday, 25th October 2020
• by Editorial Team

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.  Per the stat...

Dana Gas, IPR Negotiate Egypt Assets Sale

• Thursday, 3rd September 2020
• by Editorial Team

Dana Gas is currently in negotiations with IPR Energy about the sale of its Egyptian assets ahead of a repayment of about $300 million in debt in October, three unnamed sources told Reuters. The sources stated that Da...

Dana Gas to Pay $397 MM of Outstanding Sukuk

• Thursday, 23rd April 2020
• by Editorial Team

Dana Gas’s proceeds from selling its Egypt assets will go towards paying $397 million of outstanding Sukuk, according to a press release. The company confirmed earlier in April that its plans to sell Egypt assets are ...