Dana Gas has announced it is considering increasing its petroleum and natural gas investments in Egypt, now estimated to be worth US$1.8bn
Following a meeting with Dana Gas CEO Rashed Al-Jarwan, Egyptian petroleum minister Osama Kamal said the talks had tackled plans to increase oil production in Upper Egypt at the Al Baraka field. The field, which was discovered in 2007 by Dana Gas on the Komombo Concession, is jointly operated with Sea Dragon Energy.
The two parties also discussed the liquefied petroleum gas (LPG) extraction plant project at Ras Shukhier on the Gulf of Suez, a joint venture between Dana Gas and the Egyptian-Bahrain Gas Development Company.
Dana Gas holds a 50 per cent working interest in the Komombo Concession and a 100 per cent interest in three concessions in the Nile Delta.
