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Dana Gas PJSC is a publicly traded natural gas company, based in Sharjah, United Arab Emirates (UAE). Incorporated and listed on the Abu Dhabi Securities Exchange in 2005, Dana Gas is the largest non-government owned natural gas company in the Middle East, with operations in Egypt, Iraqi Kurdistan, and the UAE.
Crescent Petroleum and Dana Gas commenced gas deliveries to the Erbil power plant in October 2008. [5] In the second stage of the project commissioning, completed in 2011, Pearl Petroleum installed a two-train liquid petroleum gas (LPG) plant with current gas production capacity of 330 million cu ft/d (9.3 million m 3 /d) at standard conditions ...
In June 2017, an independent gas company (Dana Gas PJSC) declared two of its sukuk—with a total worth of $700 million—no longer sharia compliant, [76] [71] and offered to exchange the sukuk with a new one which would pay "less than half of the current profit rates and without a conversion feature".
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"Despite receiving $1.6 billion in federal loan guarantees, it never lived up to its promises, producing less electricity than expected while still relying on natural gas to stay operational."
Here's what we know about the county's proposed soaring bond requirements for oil and gas operators. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
Majid Jafar is the eldest son of Hamid Jafar, founder of Crescent Petroleum and chairman of the Crescent Group, and Sawsan Al-Fahoum Jafar. [4] He is the grandson of Iraqi Dhia Jafar, politician and cabinet minister who served in the last decade of Iraq's monarchy, during the reign of King Faisal II until 1958.