{"id":566855,"date":"2021-07-25T14:00:06","date_gmt":"2021-07-25T14:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/dana-gas-wins-egypt-arbitration-case\/"},"modified":"2021-07-25T14:00:06","modified_gmt":"2021-07-25T14:00:06","slug":"dana-gas-wins-egypt-arbitration-case","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/dana-gas-wins-egypt-arbitration-case\/","title":{"rendered":"Dana Gas wins Egypt arbitration case"},"content":{"rendered":"

Dana Gas won an arbitration case brought by IPR Wastani Petroleum <\/strong>claiming that the UAE-headquartered company was in the wrong when it called off the sale of many of its Egypt assets to IPR. Dana disclosed the outcome of the arbitration case, which IPR filed <\/strong>back in April<\/a>, in a statement (pdf)<\/a> out this morning. Dana Gas called off the sale of its onshore oil and gas assets in Egypt as both parties failed to finalize the sale at the agreed timeframe<\/a>. The sale, which both agreed<\/a> on last year, was valued at USD 236 mn and was due to close in 1H2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dana Gas won an arbitration case brought by IPR Wastani Petroleum claiming that the UAE-headquartered company was in the wrong when it called off the sale of many of its Egypt assets to IPR. Dana disclosed the outcome of the arbitration case, which IPR filed back in April, in a statement (pdf) out this morning. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10137],"tags":[10136,110,633],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566855","post","type-post","status-publish","format-standard","hentry","category-catch-up-quick","tag-catch-up-quick","tag-dana-gas","tag-enterprisepm","wpautop","entry"],"acf":{"mongo_id":"ad81951c-633a-4e84-bc05-1f9924fc5b00","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566846],"teaser":"","voice_url":""},"yoast_head":"\nDana Gas wins Egypt arbitration case - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/dana-gas-wins-egypt-arbitration-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dana Gas wins Egypt arbitration case\" \/>\n<meta property=\"og:description\" content=\"Dana Gas won an arbitration case brought by IPR Wastani Petroleum claiming that the UAE-headquartered company was in the wrong when it called off the sale of many of its Egypt assets to IPR. Dana disclosed the outcome of the arbitration case, which IPR filed back in April, in a statement (pdf) out this morning. 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The energy company was hoping to raise over USD 500 mn from\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566832,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/rameda-acquires-new-molecule-dana-gas-isnt-complaining\/","url_meta":{"origin":566855,"position":3},"title":"Rameda acquires new molecule, Dana gas isn\u2019t complaining","author":"enterpriseam admin","date":"15 July 2021","format":false,"excerpt":"EGX-listed Rameda Pharma has acquired an new anticoagulant molecule, the company said in a press release this morning (pdf). The company didn\u2019t name the molecule, but said the acquisition was part of its strategy to grow its portfolio by buying drugs with \u201can established market presence.\u201d The company said the\u2026","rel":"","context":"In "SPEED ROUND: CATCH UP QUICK"","block_context":{"text":"SPEED ROUND: CATCH UP QUICK","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-catch-up-quick\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560049,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/14\/dana-gas-says-egypt-asset-sale-didnt-do-its-earnings-any-favors\/","url_meta":{"origin":566855,"position":4},"title":"Dana Gas says Egypt asset sale didn\u2019t do its earnings any favors","author":"enterpriseam admin","date":"14 February 2021","format":false,"excerpt":"Dana Gas points to Egypt asset sale for its 2020 losses: Abu Dhabi-listed energy producer Dana Gas reported a net loss of USD 376 mn in 2020, compared to a net profit of USD 157 mn the year before, according to an earnings release (pdf). The Emirati firm attributed the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565694,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/25\/uaes-dana-gas-walks-back-on-plans-to-offload-egypt-assets\/","url_meta":{"origin":566855,"position":5},"title":"UAE\u2019s Dana Gas walks back on plans to offload Egypt assets","author":"enterpriseam admin","date":"25 April 2021","format":false,"excerpt":"Sale of Dana Gas\u2019 Egyptian assets breaks down: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its Egypt-based onshore oil and gas assets after failing to reach an agreement on certain conditions with would-be buyer IPR Wastani Petroleum, Dana said in a statement (pdf). Dana and Wastani,\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566855"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566855\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566846"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566855"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566855"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}