Dana Gas participates in World Economic Forum in Jordan
- Jordan: Saturday, October 22 - 2011 at 15:36
- PRESS RELEASE
Dana Gas, the Middle East's first and largest regional private sector Natural Gas Company is participating at The World Economic Forum (WEF), which opened on the 21st of October in Jordan.
The focus of this year's forum is on economic growth and job-creation in the Arab World, in light of the challenges related to resource scarcity and increased demand for water, energy and food.
Dana Gas is participating in the World Economic Forum as its vision aligns to the key focus areas of the forum, following previous participations with a senior level delegation that included Mr. Hamid Jafar, Chairman of the Board of Dana Gas.
Mr. Ahmed Al Arbeed, Dana Gas' Chief Executive Officer, confirmed that the outlook for the region remains promising, despite the political instability experienced since the beginning of the current year.
"Dana Gas continues to achieve strong production growth in its operations and we intend to sustain the momentum we have achieved despite the challenges faced in the region recently and we are committed to continuing our exploration and development programs in the UAE, Egypt and the Kurdistan Region of Iraq.," added Al Arbeed.
Referring to Dana Gas' ambition to expand its operations within the region, Al Arbeed said: "We are a growing company and we continue to actively seek new opportunities throughout the Middle East and North Africa region in order to diversify and strengthen our portfolio and continue creating jobs in the Arab World.
Dana Gas is the Middle East's largest regional private sector natural gas company and produces some 65,000 barrels of oil equivalent per day of gas, oil, condensate and LPG through its operations in Egypt and the Kurdistan Region of Iraq.
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