Dana Gas given go-ahead to start work on offshore block in Egypt | The National:
"Egypt has given final approval for Sharjah-based Dana Gas to start work on a Mediterranean block. The UAE company remains bullish on Egypt’s economy even as the country’s government owes it hundreds of millions of dollars.
“The Egyptian government ratified the issuance of the block and now it will be handed to Dana Gas,” said Robinder Singh, Dana’s director of investor relations.
“We are very clear about our strategy in Egypt. We see a significant potential in its growing hydrocarbon market — which grows an average of 7 per cent.”
The approvals were signed late on Wednesday. Dana shares were unchanged at 90 fils yesterday."
'via Blog this'
No comments:
Post a Comment