Middle East Economic Survey


No 52



Dana Petroleum Acquires Stake In Egypts South Feiran Concession

Dana Petroleum of the UK on 20 December announced that it had signed an agreement with Spains CEPSA to acquire a 20% stake in Egypts South Feiran concession, located offshore in the Gulf of Suez. The agreement follows a recent deal between Dana and Gaz de France (GdF) whereby Dana received a 30% stake in Egypts West Burullus area of the offshore Nile Delta (MEES, 28...