1. Dana Gas Agrees $1Bn Sukuk Restructuring

    ...restricted to the company’s Egyptian and some UAE assets. Dana has the option to pay down the outstanding debt prior to the new maturity date of 31 October 2017.   To proceed with the restructuring, Dana needs the consent of its shareholders, current Sukuk holders and regulatory au...

    Volume: 55
    Issue: 52
    Published at Fri, 21 Dec 2012
  2. Eni Rocked By Algeria Corruption Probe

    ...June 2011). The Iraqi part of the investigations relates to Eni’s contract to spend $18bn raising production at the giant Zubair field from the current 270,000 b/d to 1.2mn b/d by 2017 (though there is likely to be some slippage on both volumes and date).   Eni has maintained a code of si...

    Volume: 55
    Issue: 50
    Published at Fri, 07 Dec 2012
  3. Mubadala To Invest $8bn In East African LNG Production

    ...s joint venture with ADNOC that operates Shah, Al-Hosn Gas, to run all three fields.   Mr Kubota says Fujairah’s permanent import LNG terminal could be completed by 2017 taking total import capacity up to 1.2bn cfd. Phase one – 600mn cfd of LNG – will come from a floating regasification and st...

    Volume: 55
    Issue: 47
    Published at Fri, 16 Nov 2012
  4. East Asian Firms Come Of Age In Middle East With Iraq Investment Drive

    ...t Malaysia’s Petronas too is significant, leading the 230,000 b/d Garraf project and with stakes also in Halfaya and Majnoon. While Iraq is unlikely to want to reach its overly-ambitious 2017 plateau target of 7.28mn b/d, East Asian firms can realistically be looking at participation in 2.73mn b/d of...

    Volume: 55
    Issue: 40
    Published at Fri, 28 Sep 2012