Gulf Oil and Gas accountACCOUNT

Dana Gas and Ikarus Petroleum enter into Strategic Alliance

Source: www.gulfoilandgas.com 2/24/2008, Location: Middle East

Share |
Dana Gas has announced the signing of a Memorandum of Understanding (MoU) with Ikarus Petroleum Industries, a major Kuwaiti established company with ownership in several petrochemical ventures in the GCC states.

The MoU was signed last week by Rashid Saif Al Jarwan, General Manager of Dana Gas, and Suhail Abograis, Chief Executive Officer of Ikarus Petroleum agreement to cooperate on gas projects in the Middle East and North Africa. Dana Gas brings to the table its many assets and projects in gas exploration and production, as well as processing, transportation and marketing in several countries, including Egypt, UAE and Iraq’s Kurdistan Region. The MoU will focus specifically on petrochemicals and downstream projects, including in Dana Gas Cities under development at several locations across the region. The Dana Gas City proprietary concept involves developing local gas-based industries, encompassing integrated community-optimizing natural gas utilization.

As part of the MoU, Dana Gas and Ikarus have agreed to discuss and list any and all projects that may be of mutual interest and that are consistent with each company’s strategic objectives. They have also undertaken to fully cooperate and coordinate in studying, assessing and negotiating projects and engaging technical and financial consultants, and to cooperate in conducting feasibility studies for any project.

The relationship between Dana Gas and Ikarus promises to lay the groundwork for a greater level of cooperation in the region’s energy sector. The combined broad focus areas of both Companies will allow for a wider range of projects that will be jointly undertaken as a result of this MoU.

Oil & Gas Companies News in Kuwait >>

Kuwait >>  7/18/2017 - Wavefront Technology Solutions Inc., a global leader in the advancement of fluid injection technology for oil and gas well stimulation and Improved/En...
Qatar >>  7/18/2017 - Nakilat signed a Memorandum of Understanding (MoU) with Hoegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) busines...

Saudi Arabia >>  7/18/2017 - WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities por...
Saudi Arabia >>  7/17/2017 - Honeywell announces that Farabi Petrochemicals Company will use Honeywell UOP technologies for a new complex in Yanbu to expand its production of biod...

Iraq >>  7/16/2017 - Following extensive discussions, the Iraqi Ministry of Oil and Baker Hughes, a GE company (BHGE) signed a contract for fast-track solutions to help th...
United Arab Emirates >>  7/16/2017 - The Abu Dhabi National Oil Company (ADNOC) and Borealis have signed a framework agreement, under which the companies will advance two key projects tha...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Kuwait >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.