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Crescent won’t provide cash to Dana Gas for sukuk payment

Posted on 15 May 2012

Crescent Petroleum Co., Dana Gas PJSC (DANA)’s biggest shareholder, has no plan to provide cash to the United Arab Emirates-based natural gas producer to help pay a $1 billion Islamic bond due in October.
Any “speculation around Crescent injecting further capital to support the Dana Gas sukuk is incorrect,” Majid Jafar, Sharjah-based chief executive officer of Crescent, said……………………………………….Full Article: Source

 
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