Monday 16 June 2014

Dana Gas says no impact on Iraqi Kurdistan ops from fighting | GulfNews.com

Dana Gas says no impact on Iraqi Kurdistan ops from fighting | GulfNews.com:



"Abu Dhabi-listed energy firm Dana Gas, one of the largest oil and gas investors in Iraqi Kurdistan, said on Sunday its operations there had not been affected by fighting elsewhere in the country in recent days.



The insurgent offensive that has threatened to dismember Iraq spread to the northwest of the country on Sunday, after fighters belonging to the Islamic State in Iraq and the Levant and other Sunni Muslim armed groups seized Mosul and stormed several towns on the road to Baghdad last week.



Shares in Dana Gas dropped 4.8 per cent on Sunday as part of a wider rout in Gulf stock exchanges that was partly due to the news from Iraq. Abu Dhabi’s bourse slumped 2 per cent."



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