UAE’s Dana Gas Looks To Move On From Sukuk Troubles
Troubled UAE independent Dana Gas is looking to the future having last month completed the tortuous refinancing of its $1bn Sukuk. But the firm continues to face major problems in receiving payment from its key producing areas of Egypt and the Kurdistan Regional Government (KRG) area of northern Iraq.
When cash flow problems were at their nadir in early 2012 this led the company to slash capital...