Latest in Tag: Dana Gas Highlight

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Latest in Tag: Dana Gas

UAE’s DANA Gas receives $60m in overdue payments from Egypt

Emirati company Dana Gas said in a Sunday statement that it received $60m in late dues from the Egyptian government. The sum makes up only a part of the full amount of $212m Egypt still owes to Dana Gas. Egyptian payments to oil and gas companies have been delayed due to the country’s faltering economy …

Mohamed Ayyad

Dana Gas Q4 profit jumps, no details on sukuk

DUBAI: Dana Gas, which faces a $1 billion sukuk maturity in October, posted sharply higher fourth-quarter and yearly profits on Monday, buoyed by an increase in production and higher oil prices. Abu Dhabi-listed Dana, which has operations in the UAE, Egypt and Kurdistan, made quarterly profit of 147 million dirhams ($40 million), according to Reuters …


Dana Gas hires advisers for convertible sukuk

DUBAI: UAE energy group Dana Gas said it had appointed an international firm to advise on its $920 million convertible sukuk maturing in October, adding it would continue to meet its obligations. Dana Gas, whose share price has been battered by concerns about how it will deal with the sukuk, said on Tuesday it would …


Dana Gas Q3 profit quadruples on higher production

DUBAI: Dana Gas, the UAE energy firm, on Monday said its third-quarter net profit more than quadrupled buoyed by a 20 percent increase in total production and higher oil prices. The Gulf’s only listed natural gas company posted a third quarter net profit of 143 million dirhams ($38.9 million), compared with net profit of 33 …


Dana Gas eyes entry to Syria, Algeria, Libya: CEO

DUBAI: UAE energy firm Dana Gas is still negotiating terms to enter into the Syrian and Algerian markets while it is also looking at opportunities in Libya, its chief executive officer told a local newspaper on Monday. "Dana Gas has done joint studies with Algeria’s Sonatrach to (figure out how to) offer more value to …


UAE’s Dana Gas ‘optimistic’ on Egypt gas payment: CEO

MANAMA: UAE energy firm Dana Gas said on Monday that its overdue receivables from Egypt for the gas delivered there has risen to around $200 million from $180 million previously and added that it was optimistic payments were coming. "The payments were delayed in the previous months but now we are optimistic they are coming," …


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