Dana Gas is considering a plan to list its shares in London to try to raise its international profile and reduce its reliance on lacklustre local markets.
It comes less than three weeks after Oman's Renaissance Services pulled plans to list its Dubai oilfield services unit Topaz Energy and Marine in London. Kuwait Energy has also deferred a share sale in London.
The Dana board has been considering a London listing among other actions to help lift the Sharjah oil and gas producer's share price, which the company's chief executive says has been buffeted by political unrest in the Middle East and North Africa.
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