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Tuesday, March 31, 2020 9:58 GMT
UAE-based Dana Gas, a top natural gas company, said it would pursue a feasibility study for a potential demerger of its Upstream Business into a new company, which, as part of the demerger, will also be listed on the Abu Dhabi Stock Exchange (ADX). Currently, the company owns upstream oil and gas producing assets including Dana Gas Egypt and a 35% stake in Pearl Petroleum, its Kurdistan Region of Iraq E&P focused business. These assets will be collectively known as the “Upstream Business”. The...More