13 Hrs
Source:
الاقتصادية
Dana Gas Six-Month Profit Rise
Dana Gas achieved a net profit of 393 million dirhams (107 million US dollars) during the first half of 2026, marking a 47% increase compared to the same period last year. This growth was supported by rising oil and gas prices and increased production in Egypt. Revenues surged by 51%, reaching 946 million dirhams (258 million US dollars), excluding a one-time item of 176 million dirhams (48 million US dollars). The results were primarily driven by improved production and operations in Egypt, the restoration of normal operating levels in Iraqi Kurdistan after shutdowns due to security conditions, and the company's ongoing efforts to develop gas fields and expand resources. Future development projects are expected to further boost profits and revenues.
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