Dana Gas is not going through with plans to sell off concessions to explore for natural gas in Egypt's Nile Delta region, the company said in a statement today.
The Middle East's largest private gas company is chosing to retain its 100 per cent stake partly because of a 20 per cent boost in reserves in 2010, largely from seven new field discoveries.
Last year the Sharjah-based firm said it could decrease its concessions in the Nile Delta by as much as 30 per cent.
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