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Dana Gas: focus on our business in Egypt and Iraq's Kurdistan
CEO of Dana Gas, German Patrick Ward: "The company focuses on long-term development sectors wild marine sector, which the company won the rights to its concession in Egypt, along with the development of fields Khor Mor and Chamchamal in the Kurdistan region of Iraq said. Chief Executive Officer of the company said in a statement to the market, "and we look forward to raising the size of our production more on short-term beneficiaries of the agreement to increase gas production that we signed with the Egyptian government, and the start of the actual production of the cave Zora field in the UAE, the total production of the group will increase by 10 % compared to the size of the current production of 68 900 barrels of oil equivalent per day. And announced, "Dana Gas" at the beginning of January, all received from the Egyptian government 220 million dirhams dirhams ($ 60 million) from the late dues, representing 28% of the total overdue payments to the company, which currently stands at 778 million dirhams ($ 212 million ).
And announced "Dana" in the middle of last December they resorted to spend to oblige "KRG " to pay $ 100 million where the arbitral tribunal Court London International Arbitration issued its decision against the Kurdistan Regional Government to pay an amount of US $ 100 million to the coalition during a period not exceeding 21 days by A second interim order .
It is said that the company "Dana Gas" has not received any of the last dues to Iraq, the Kurdistan Regional Government, bringing the company's total overdue receivables as of June 30 of this year, 955 million US dollars (3.5 billion dirhams).
Commented Germans Ward on the financial results for 2014, saying, "Dana Gas recorded during the year 2014 a strong performance despite the significant decline in oil prices, and only a reflection of the rise in the annual production of the size of our operations in Egypt and the Kurdistan region of Iraq.
He explained Germans Ward "Our strategy has been to control costs contributed to the reduction of total operating costs are made within the oil and gas companies at least operating cost in the region. We enjoy a better position enables us to realize the value it deserves Our shareholders in the long run."
The company posted a profit during 2014 amounted to 457 million dirhams ($ 125 million) compared to 571 million dirhams ($ 156 million) during the period of comparison a decline of 19.96%.
The company's capital of US $ 6,959 billion, divided into 6,959 billion nominal dollar value of one share.
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CEO of Dana Gas, German Patrick Ward: "The company focuses on long-term development sectors wild marine sector, which the company won the rights to its concession in Egypt, along with the development of fields Khor Mor and Chamchamal in the Kurdistan region of Iraq said. Chief Executive Officer of the company said in a statement to the market, "and we look forward to raising the size of our production more on short-term beneficiaries of the agreement to increase gas production that we signed with the Egyptian government, and the start of the actual production of the cave Zora field in the UAE, the total production of the group will increase by 10 % compared to the size of the current production of 68 900 barrels of oil equivalent per day. And announced, "Dana Gas" at the beginning of January, all received from the Egyptian government 220 million dirhams dirhams ($ 60 million) from the late dues, representing 28% of the total overdue payments to the company, which currently stands at 778 million dirhams ($ 212 million ).
And announced "Dana" in the middle of last December they resorted to spend to oblige "KRG " to pay $ 100 million where the arbitral tribunal Court London International Arbitration issued its decision against the Kurdistan Regional Government to pay an amount of US $ 100 million to the coalition during a period not exceeding 21 days by A second interim order .
It is said that the company "Dana Gas" has not received any of the last dues to Iraq, the Kurdistan Regional Government, bringing the company's total overdue receivables as of June 30 of this year, 955 million US dollars (3.5 billion dirhams).
Commented Germans Ward on the financial results for 2014, saying, "Dana Gas recorded during the year 2014 a strong performance despite the significant decline in oil prices, and only a reflection of the rise in the annual production of the size of our operations in Egypt and the Kurdistan region of Iraq.
He explained Germans Ward "Our strategy has been to control costs contributed to the reduction of total operating costs are made within the oil and gas companies at least operating cost in the region. We enjoy a better position enables us to realize the value it deserves Our shareholders in the long run."
The company posted a profit during 2014 amounted to 457 million dirhams ($ 125 million) compared to 571 million dirhams ($ 156 million) during the period of comparison a decline of 19.96%.
The company's capital of US $ 6,959 billion, divided into 6,959 billion nominal dollar value of one share.
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