Oil & Gas Companies: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

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 >>

KNOC Awarded a Contract for Drilling Services in KRG
  Iraq >>  3/17/2015 - KS Energy Limited disclosed that Atlantic Onshore Services BV, a subsidiary of KS Drilling Pte Ltd (KS Drilling), has been awarded a new contract for ...
Middle East Oil Demand in March 2015
Kuwait >>  3/17/2015 - In 2015, Middle East oil consumption is expected to continue growing at a steady pace, increasing by 0.28 mb/d from 2014 levels. Most of this growth i...

PetroRabigh Signs $5.2 Bln Loan for Expansion
Saudi Arabia >>  3/17/2015 - Rabigh Refining and Petrochemical Company (Petro Rabigh), whose major shareholders are Sumitomo Chemical and Saudi Aramco, has signed project financin...
Aramco Awarded KBR Six-Year Management Contract
Saudi Arabia >>  3/16/2015 - KBR, Inc. has been awarded a project management contract by Saudi Aramco to provide project management services for Saudi Aramco’s offshore program. ...

Mcdermott Awarded EPCI Contract by Qatar Petroleum
Qatar >>  3/2/2015 - McDermott International, Inc. has been awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the N...



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 |

More News

Oil & Gas Companies in Kuwait >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed