By John Lee. Dana Gas may become the first United Arab Emirates (UAE) company to fail to pay an Islamic bond on maturity, according to a report from Reuters which cites "three sources familiar with the matter". Shares in the UAE's largest listed natural gas firm fell more than 4% on the Abu Dhabi Securites […]
Investment almost $1 billion - highest foreign investment in Iraqi oil and gas sector Total 67 million barrels produced since 2008 – highest by private sector in Iraq Project achieves government fuel cost savings of $5.4 billion Dana Gas and Crescent Petroleum, in their capacity as joint operator of the Khor Mor field, have announced […]
By John Lee. Crescent Petroleum and its partner and affiliate Dana Gas PJSC, have, in their capacity as joint operator of the Kor Mor field, announced that total production in their major gas operations in the Kurdistan Region of Iraq has grown steadily to reach 70,000 barrels of oil equivalent per day, with total investment […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Analysts at HSBC have reviewed on Monday the prospects for companies operating in the Iraqi oil sector, and issued new price targets: Afren: reduces its discounted-cash-flow-(DCF)-based target price to 175p from 179p, and maintains an overweight rating; Dana Gas: maintains an overweight rating and a sum-of-the-parts-(SOTP)-based target of AED 0.64; Genel Energy: initiates coverage with […]
In its third quarter report, Dana Gas has given on update on its Kurdistan operations: "In the Kurdistan Region of Iraq, construction and commissioning of the LPG plant and supporting facilities are now complete, and gas is being delivered to the Erbil and Sulaymania power stations at peak rates in excess of 300 million standard […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, and which has operations in Kurdistan's Khor Mor, has announced its financial results for the quarter ended 31st March 2011, with a Net Profit after tax of AED 92 million, a 180% increase compared to the first quarter of 2010, and a […]
Dana Gas, the UAE-headquartered gas company with operations in Iraqi Kurdistan (pictured), may be about to list its shares on the London Stock Exchange. According to a report from Reuters, the the company said the listing will provide a wider investor base and boost share value. Bloomberg, on the other hand, says Dana has yet […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its preliminary financial results for the year ended 31st December 2010. Revenue from the sale of hydrocarbons increased to AED 1,785 million, with gross profit reaching AED 781 million. These figures represent increases of 40% and 79% respectively, compared to […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the quarter ended 30th September 2010. In the Kurdistan Region of Iraq, Dana Gas, through its 40% share, produced 1.2 million boe of gas and condensate during the quarter, an increase of approximately 72% over the […]
The recent declaration by Hunt Oil CEO Ray Hunt that his company was willing to work with partners in Iraq to develop its oil and gas assets in Kurdistan underlines the Region’s position as a likely new hotbed for M&A activity, according to a report from mergermarket.com. Hunt’s comments about oil and gas sector partnerships […]
Dana Gas PJSC, Crescent Petroleum, Mol Nyrt and OMV will produce 300 million cubic feet a day of gas from its project in Iraq’s Kurdistan region in 2012, a year later than expected. The production rate is currently 200 million cubic feet a day, Dana Gas said in a statement today. The production rate was […]
