Dana Gas Rules Out Iraq Asset Sale

By John Lee.

Dana Gas has reportedly denied speculation that is about to spin off its assets in Iraqi Kurdistan.

Shares in the Abu Dhabi-based energy firm had risen on the rumours, but a spokesman said:

"There is absolutely no basis to rumors of spinning off or selling Kurdistan or any other assets, and the fact that the company has been studying options for an international listing was announced over a year ago."

(Sources: Reuters, PUK Media)

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