Error message

  • Warning: mysqli_connect(): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 248 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).
  • Warning: mysqli_connect(): (HY000/2002): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 248 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).
  • Warning: mysqli_close() expects parameter 1 to be mysqli, boolean given in include() (line 272 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).

Dana Gas profits jump to $45 million

Dana Gas has announced a rise in profit from 2013.

Dana Gas Kurdistan plant
Dana Gas Kurdistan plant

Dana Gas, a UAE-based natural gas company has announced a 67% year-on-year climb in first quarter 2014 operating profit.
According to a statement released by the company, Dana Gas saw profits rise from $27 million to $45 million.

The company’s gross revenue, however, stood at $180 million, up 18%cent from the first quarter in 2013 ($152 million).
Increased production and sales as well as more stringent control of operational expenditure were the drivers of revenue and operating profit.

The company’s overall output was up 12%, recording an average of 68,800 bbl of oil equivalent per day compared to 61,400 during the same period last year

Newsletter

Most Popular

Digital Edition

Oil & Gas Middle East - September 2020

Subscribe Now