Middle East Economic Survey

VOL. LI

No 9

3-March-2008

UAE

Dana Gas, Ikarus Petroleum Sign Gas Cooperation MOU

UAE-based Dana Gas on 25 February announced that it had signed a memorandum of understanding (MOU) with Kuwaits Ikarus Petroleum Industries. The MOU covers cooperation on gas projects in the MENA region and will focus specifically on petrochemicals and downstream projects. Ikarus holds an 11.46% stake in Saudi International Petrochemicals Company (Sipchem), and 8% in Saudi Arabias National...