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FINANCIAL NEWS
Sharjah-based Dana Gas’s debt hits USD501m in 2011
20 Mar 2012
(MENAFN) Sharjah-based Dana Gas said its debt liabilities almost doubled to USD501 million last year, Bloomberg reported.
Energy company, which has USD1 billion in Islamic bonds due in October, said USD212 million of the total was owed for more than four months.
In January, Dana Gas reported USD138 million net profit last year, up from USD43 million in 2010, over higher output and prices.
Dana Gas is a private natural gas company producing some 65,000 barrels of oil equivalent per day of oil, gas and natural gas liquids from its operations in Egypt and the Kurdistan Region of Iraq.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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