Iraq News

rss

Kurdistan

Report

Economy

World

"Dana Gas" achieves an annual percentage of profits in its operations in Kurdistan Region

Category: Economy

Date: 2020-02-12T09:43:57+0000
"Dana Gas" achieves an annual percentage of profits in its operations in Kurdistan Region

Shafaq News / Dana Gas announced on Wednesday that the company's cash balance reached $ 425 million by the end of 2019, representing a 4% increase compared to the cash balance recorded at the end of 2018, which amounted to $ 407 million.

Total payments received from amount overdue on behalf of the company were $ 285 million in 2019, compared to $ 334 million in 2018.

The company's cash balance reached $ 425 million at the end of 2019, representing a 4 % increase compared to the cash balance recorded at the end of 2018, which amounted to $ 407 million.

The results showed the company's net profit increased to $ 157 million in 2019 compared to a net loss of $ 186 million in 2018.

Net profit from operating operations during 2019, before calculating non-recurring provisions, contractual benefits and deferred revenue, increased by 80 % to $ 115 million compared to $ 64 million in 2018.

Dana Gas is a private sector company working in the field of natural gas in the Middle East. It was established in December 2005 and is listed on the Abu Dhabi Stock Exchange.

Dana Gas has assets in the fields of gas exploration and production in the UAE, Egypt and Kurdistan Region of Iraq, with a production rate of 66.2 thousand barrels of equivalent oil per day.

related

Dozens of oil tankers piled up as Iraqi protesters block the road to a refinery

Date: 2020-01-27 09:32:04
Dozens of oil tankers piled up as Iraqi protesters block the road to a refinery

A new rise in oil prices

Date: 2020-05-06 10:50:47
A new rise in oil prices

Iraq to reduce 400,000 barrel from its oil production

Date: 2020-08-06 15:41:05
Iraq to reduce 400,000 barrel from its oil production

Iraq reassures, oil production and export are not affected by Corona virus

Date: 2020-02-27 12:10:01
Iraq reassures, oil production and export are not affected by Corona virus

Brent crude exceeds $ 40

Date: 2020-06-03 09:17:57
Brent crude exceeds $ 40

Jordan imports more than 300 thousand barrels of oil monthly

Date: 2020-04-01 12:16:37
Jordan imports more than 300 thousand barrels of oil monthly

US crude drops to $ 14 a barrel, its lowest level in 20 years

Date: 2020-04-20 10:08:19
US crude drops to $ 14 a barrel, its lowest level in 20 years

SOMO: the Asian market ranks first in Iraqi oil exports

Date: 2020-07-27 09:17:11
SOMO: the Asian market ranks first in Iraqi oil exports