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 >>

Saudi Arabia >>  2/10/2016 - Magseis has, together with its partner BGP, been awarded Saudi Aramco’s S78 project for large-scale ocean bottom seismic acquisition in the Red Sea. T...
Yemen >>  2/3/2016 - Middle East oil supply is estimated to decrease by 0.03 mb/d in 2016 from the previous year to average 1.23 mb/d, revised down by 10 tb/d from the pre...

Israel >>  1/27/2016 - Prime Minister Benjamin Netanyahu on Wednesday appointed attorney Michal Halperin to run Israel's Anti-Trust Authority after a dispute over the countr...
Saudi Arabia >>  1/27/2016 - In Saudi Arabia, November oil demand was characterized by increases across the barrel with the exception of fuel oil, which decreased slightly. Total ...

Saudi Arabia >>  1/26/2016 - Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry, announces that Lamprell Energy Limited, its...
Iraq >>  1/21/2016 - Anton Oilfield Services Group, the leading independent oilfield services provider in China, has received anotification from an IOC customer opera...

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

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