Dana Gas, the Sharjah-based oil and gas development company, is refocusing its efforts on a planned series of industrial developments around the Middle East as it aims to use natural resources for local development rather than exports.
After a slowdown during the global financial crisis, the region’s first listed energy company says it is again moving ahead with talks to secure anchor tenants for an industrial site near Chamchamal, in Iraq’s Kurdistan region.
Dana Gas argues that local governments, after securing power for their people, should use gas resources to fuel local industries in order to boost economic productivity, before selling their resources to foreign companies for export.
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