UAE and Egypt... Strategic partnership, firmed principles, and a comprehensive development renaissance22 Jun 2021
UAE and Egypt... Strategic partnership, firmed principles, and a comprehensive development renaissance
H.E. Hamid Jafar
Chairman of the Board - Dana Gas
Egypt has been a cornerstone of Dana Gas’s successful growth story. Since our entry into the Egyptian market in 2007, we have delivered a tremendous track record, doubling our proven and probable reserves and increasing our production by 50%. Our activities and investments in Egypt’s gas sector have supplied additional gas for power generation displacing heavy fuel oil thereby contributing significantly to the Egyptian economy and the environment. We remain committed to developing our onshore and offshore assets in Egypt and applaud the Egyptian government’s actions over the past couple of years in making the country an attractive investment destination, where contracts are upheld, and rule of law enforced. This is demonstrated by the amazing exploration success in the last five years in Egypt, including the discovery of the Zohr gas field, the nation’s largest. We look forward to continuing to invest in Egypt and be an integral part of its growth story.