NEWS | CAREERS
HOME PAGE INVESTOR RELATIONS COMPANY PROFILE IKARUS TEAM CONTACT US
     IKARUS IN THE NEWS
Approval of the financial result of the 1st quarter ending 31/03/2017
..read more>>
Annual General Meeting ( AGM/EGM)
..read more>>
Approval of 2016 financial result ending 31/12/2016
..read more>>
Board of Directors Meeting to discuss 2016 results
..read more>>
Approval of the financial result of the 3rd quarter ending 30/09/2014
..read more>>
The Extraordinary General Assembly
..read more>>
Approval of the financial result of the 2nd quarter ending 30/06/2014
..read more>>
2013 Cash Dividend Distribution
..read more>>
Approval of the financial result of the 1st quarter ending 31/03/2014
..read more>>
Approval of 2013 financial result ending 31/12/2013
..read more>>
Approval of the financial result of the 3rd quarter ending 30/09/2013
..read more>>
Approval of the financial result of the 2nd quarter ending 30/06/2013
..read more>>
Approval of the financial result of the 1st quarter ending 31/03/2013
..read more>>
Approval of 2012 financial result ending 31/12/2012
..read more>>
Approval of the financial result of the 3rd quarter ending 30/09/2012
..read more>>
Approval of the financial result of the 2nd quarter ending 30/06/2012
..read more>>
Approval of the financial result of the 1st quarter ending 31/03/2012
..read more>>
Electing the new board of directors for the next three years
..read more>>
Approval of 2011 financial result ending 31/12/2011
..read more>>
Approval of the financial result of the 3rd quarter ending 30/09/2011
..read more>>
Approval of the financial result of the 2nd quarter ending 30/06/2011
..read more>>
Approval of the financial result of the 1st quarter ending 31/03/2011
..read more>>
Approval of 2010 financial result ending 31/12/2010
..read more>>
Approval of the financial result of the 3rd quarter ending 30/09/2010
..read more>>
Approval of the financial result of the 2nd quarter ending 30/06/2010
..read more>>
Approval of the financial result of the 1st quarter ending 31/03/2010
..read more>>
Approval of 2009 financial result ending 31/12/2009
..read more>>
Approval of the financial result of the 3rd quarter ending 30/09/2009
..read more>>
IKARUS Petroleum Industries Company signs with Saudi International Petrochemical Company (SIPCHEM) the agreement for the commercial completion of the purchase of 11% of the shares of two affiliates...
..read more>>
Electing the new board of directors for the next three years
..read more>>
Approval of 2008 financial result ending 31/12/2008
..read more>>
Approval of the financial result of the 1st quarter ending 31/03/2009
..read more>>
Approval of the financial result of the 3rd quarter ending 30/9/2008
..read more>>
Approval of the financial results of the 2nd quarter ending 30/06/2008
..read more>>
Approval of the financial results of the 1st quarter ending 31/03/2008
..read more>>
Dana Gas and Ikarus Petroleum enter into Strategic Alliance.
..read more>>
14 April 2008 - Ikarus listed in the Kuwait Stock Exchange
..read more>>
  Market Screen
[95957 ] Visitors
NEWS
Dana Gas and Ikarus Petroleum enter into Strategic Alliance

23 February 2008 Dana Gas - Rashid Saif Al Jarwan (General Manager) Parties to cooperate on downstream Gas projects and petrochemicals

Sharjah - Dana Gas , the Middle East's first and largest regional private-sector natural Gas company, has announced the signing of a Memorandum of Understanding (MoU) with , 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 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. , parented by three Kuwaiti Companies; National Industries for Building Materials, Noor Financial Investment Company, and Markaz Energy Fund as major shareholders. 's investment portfolio consist of Saudi International Petrochemical Company (Sipchem), which is engaged in the production and marketing of petrochemicals products, as well as of National Industrialization Co. (Tasnee), which is engaged in the operation of propane dehydrogenation and polypropylene projects. Rashid Saif Al Jarwan commented on the agreement by saying, " Dana Gas and are committed to developing the Gas industry throughout the MENASA region, and what better way to accomplish this goal than to align our two companies and share knowledge and resources. Through this MoU, we are laying the groundwork for further cooperation between Dana Gas and, as well as other companies in the future." CEO, Suhail Abograis, added, "Both Dana Gas and Ikarus recognize the potential mutual business advantage to be gained from sharing knowledge and resources, and on this basis we have decided to cooperate on projects relating to the Gas industry in the Middle East and North Africa region." As part of the MoU, Dana Gas and 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. Nadir Sultan, Chairman of Board of, and former CEO of Kuwait Petroleum Corporation, is also a Member of the Dana Gas International Advisory Board. The relationship between Dana Gas and 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. - Ends - About Dana Gas: Dana Gas (PJSC) is the first regional private-sector natural Gas company in the Middle East, established with over 300 reputable founder shareholders from across the Gulf Cooperation Council (GCC) region, and some 300,000 investors from over 100 nationalities worldwide who submitted applications of over US$78 billion over ten days in the company's regional IPO in late 2005.

Headquartered in Sharjah in the UAE and listed on the Abu Dhabi Stock Market (ADSM), Dana Gas already possesses a network of offices in Saudi Arabia, Egypt, the UK, and Canada, with further offices opening throughout the Middle East. Dana Gas currently has assets and projects in Gas exploration and production, processing, transportation and marketing in several countries, and aims to play a major role in the rapidly-growing natural Gas business throughout the Middle East North Africa (MENA) Region across the entire Gas value chain. In addition to its current projects, Dana Gas will be expanding its activities in all elements of the natural Gas value-chain, including upstream exploration and production; through the midstream transmission and distribution of Gas including LNG trading; and downstream into Gas-related industries and petrochemicals.

www.danaGas.ae

For more information, please contact: Mariam Keblawi or Wajih Halawa, SAHARA PR
Tel: +971-4-329 8996
HOME | CONTACT US
Copyright 2008 Ikarus - All Rights Reserved
This website is designed and developed by Plexus - www.PlexusKw.com