Dana Gas sells its assets in Egypt for $236M
Dana Gas sells its assets in Egypt for $236M
The Company's Field in Egypt - photo courtesy to Dana Gas website
CAIRO – 25 October 2020: Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (“IPR”) for the sale of its onshore Egyptian producing oil and gas assets for a consideration of up to $236 million including contingent payments.
IPR is a leading private E&P operator in Egypt, with 9 active concessions, and
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