Ex-Shell exec named CEO at UAE's Dana Gas

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(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Dana Gas Co, the UAE energy firm that restructured a $920m Islamic bond in April, named Patrick Allman-Ward, the general manager of its Egyptian operations, as its new group chief executive, Dana said in a statement on Tuesday.

Allman-Ward, who joined Dana in 2012 from Royal Dutch Shell , has played a key role in developing the firm's Egyptian operations, including increasing production and developing new business opportunties, Dana said.

His appointment is effective September 1, 2013.

Allman-Ward replaces Rashid Saif AlJarwan, who was the interim CEO for the company over the past year after the retirement of chief executive Ahmed al-Arbeed, Dana said.

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Posted by: khdmohd - energy expert

The best thing that could be done with Dana Gas is to liquidate it and pay all loans and return share holders money back if any are left . This PSC was badly managed from day one when share prices were flactuating in the ADX .

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