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Tag: Asset Sale
IPR

IPR Wastani taking Dana Gas to arbitration over cancelled Egypt deal

Posted: April 28, 2021 at 9:20 pm   /   Oil & Gas

IPR Wastani seeks arbitration for cancelled sale of Dana Gas’ Egypt assets: IPR Wastani Petroleum is filing for arbitration after the UAE’s Dana Gas called off the sale of its oil and gas assets in Egypt to the Texas-based IPR Energy Group member, Dana Gas said in a statement cited by Reuters. The request for […]

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Dana Gas

Sale talks over Dana Gas’ Egypt assets to IPR Wastani break down

Posted: April 26, 2021 at 11:35 am   /   Oil & Gas

UAE’s Dana Gas walks back on plans to offload Egypt assets: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its Egypt-based onshore oil and gas assets after failing to reach an agreement on certain conditions with would-be buyer IPR Wastani Petroleum, Dana said in a statement. Dana and Wastani, which had both […]

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Dana Gas

Dana Gas says Egypt asset sale didn’t do its earnings any favors

Posted: February 15, 2021 at 11:11 pm   /   Oil & Gas

Dana Gas points to Egypt asset sale for its 2020 losses: Abu Dhabi-listed energy producer Dana Gas reported a net loss of USD 376 mn in 2020, compared to a net profit of USD 157 mn the year before, according to an earnings release. The Emirati firm attributed the bulk of the losses to Egypt, […]

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