Dana Gas

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Recent Press Releases

• Dana Gas achieves revenues of AED 247 million in the first quarter17 May 2009

  Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced quarterly results to March 31, 2009, posting revenue from sale of hydrocarbons of AED 247 million.

• Dana Gas appoints Ahmed Al-Arbeed as CEO; Rashid Al-Jarwan as Executive Director28 April 2009

  Dana Gas PJSC, the Middle East’s first and largest private-sector gas company, has announced the appointment of Ahmed Al-Arbeed as Chief Executive Officer (CEO) of the Company, in line with the Company’s own Corporate Governance Guidelines and the Corporate Governance codes of the UAE Securities and Commodities Authority (SCA), which call for the separation of roles of the Chairman of the Board and the CEO.

• Dana Gas annual revenues grow to AED 1.14 billion1 February 2009

  Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced preliminary results for the year ended 31 December 2008, posting revenue from oil and gas production of AED 1.14 billion, an increase of 10% over the previous year.

• Dana Gas moves ahead with plans for 1,000 sq km offshore concession in Sharjah28 January 2009

  Dana Gas, the Middle East's first and largest regional private-sector natural gas company, is moving ahead with plans for the exploration and development of the Western Offshore concession in Sharjah.

• New Dana Gas discoveries expected to double company’s Egypt gas reserves12 January 2009

  Dana Gas, the Middle East's first and largest regional private sector natural gas company, has announced that its current drilling campaign in Egypt has led to yet another significant gas and condensate discovery at its Salma-1 well in its Nile Delta Concession.

• Dana Gas set to build on achievements with target 76% increase in production rate in 20097 January 2009

  Dana Gas PJSC, the Middle East’s first and largest regional private-sector natural gas company, expects a strong year of growth in both production and operations in 2009, building on the Company’s significant achievements of 2008, when it achieved revenues of AED 901 million in the first nine months of the year, and grew production by over 50% with start-up of its major gas project in the Kurdistan Region of Iraq, and further discoveries in Egypt.

• Dana Gas announces important gas discovery in Egypt30 December 2008

  Dana Gas, the Middle East's first and largest regional private sector natural gas company, has announced a significant gas and condensate discovery at its El Basant-2 well in the Nile Delta Concession in Egypt.

• Dana Gas board reviews progress of new discoveries, approves five-year growth plan17 November 2008

  Dana Gas PJSC, the Middle East's first and largest regional private-sector natural gas company, announced that its board of directors has approved a five-year growth plan for the company on the heels of new discoveries in its Egyptian concessions, and a 50 per cent increase in operated gas production in Egypt and the Kurdistan region of Iraq.

• Dana Gas achieves revenue of AED 901 million in first nine months16 November 2008

  Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced quarterly results to September 30, 2008, posting revenue from oil and gas production of AED 320 million, a 16 per cent increase over the same period last year.

• Dana Gas increases operated gas production by over 50 per cent5 November 2008

  Project commencement and new discoveries creating solid platform for further growth.

• Dana Gas selected for S&P Shariah Indices25 September 2008

  Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has confirmed that it has been approved by the Shariah board of Standard & Poor’s, and has achieved the required ratios for inclusion in the S&P Pan Arab Shariah Index and the S&P GCC Shariah Index.

• Dana Gas awarded “Company of the Year”23 September 2008

  ACQ magazine commends regional firm on growth and achievements.

• Dana Gas senior delegation meets Algerian oil and gas officials6 February 2008

  Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced its successful participation in the 3rd Algerian Economic Forum, which was held in Algiers on 20-21 January 2008, under the patronage of HE Abdul Aziz Boutfliqa, Algerian President, and attended by HE A. Aziz Bellchadem, Algerian Prime Minster.