Dana Gas plans investment boost in Egypt
- United Arab Emirates: Thursday, February 14 - 2013 at 03:30
Egyptian petroleum minister Osama Kamal has said that UAE-based Dana Gas is considering raising its petroleum and natural gas investments in Egypt, now estimated at $1.8bn, within the coming period, Ahram has reported. The Sharjah-based firm plans to increase oil production in Upper Egypt at the Al Baraka field, which was discovered in 2007 by Dana Gas on the Kom Ombo Concession and is jointly operated with Sea Dragon Energy. Dana Gas is the sixth-largest natural gas producer in Egypt, with its total production forecast to exceed 200 million cubic feet daily within the coming period, the minister said.
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