Sharjah, UAE: Dana Gas PJSC (“Company”), the Middle East’s largest regional natural gas company announces that it received an amount of $14.4 million (AED 52.8 million) from Pearl Petroleum Company Limited (‘Pearl Petroleum’) for condensate and LPG sales in the Kurdistan Region of Iraq in Q1 2018. This amount does not includes the Company’s share of amounts received from the Kurdistan Regional Government and local traders and kept at Pearl Petroleum to cover operating costs and capex requirements.
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About Dana Gas
Dana Gas is the Middle East's first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of 67,600 boepd in 2017. With sizeable assets in Egypt, KRI and the UAE, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations
+971 6 519 4401
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