Monday, February 6, 2012

Dana gets output boost


Dana Gas, a company based in the Emirate of Sharjah, saw a 19% increase in 2011 production due to rising gas output in Iraqi Kurdistan. This increased production helped boost net income to 506 million AED from 158 million AED last year, the company said. Net output averaged 66,200 boepd from operations in Egypt and the semi-autonomous region of Kurdistan where the company is producing gas under a technical service agreement.
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