Dana Gas seeks demerger of upstream and midstream businesses – ZAWYA

Dana Gas seeks demerger of upstream and midstream businesses – ZAWYA

Dana Gas seeks demerger of upstream and midstream businesses. Shareholders approve distribution of a 5.5 fils per cash dividend. The move was made during the company's annual general meeting, during which a feasibility study to separate the Dana Gas' upstream and midstream businesses in a demerger was also given the green light by shareholders.. The fact that the majority of our natural gas contracts are at fixed prices helps us remain competitive and will allow us to capitalise on any opportunities.".