Middle East Economic Survey


No 3



Dana Reverses Decision to Sell Nile Stakes

Dana Gas a UAE-based independent has dropped plans to sell its gas concessions in Egypts Nile River Delta region, due to its success in production growth. Danareported a 20% production increase in 2010 due to boosted output from seven new fields in the Nile Delta. Production hit 42,000 b/d of oil equivalent (boe/d) last year and is expected to climb to 67,000 boe/d in mid-2012.Dana has...