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Dana Gas shareholder optimistic on $920 mln Islamic bond

Posted on 19 September 2012

Crescent Petroleum, a key shareholder in Dana Gas, is optimistic that the Sharjah-based natural gas producer can reach a “comfortable resolution” on its $920 million Islamic bond maturing in October, Crescent’s president said on Tuesday.
Abu Dhabi-listed Dana is also in talks with the Egyptian government to recover delayed receivables from its operations in the North African country, Badr Jafar, Crescent’s president, told reporters on the sidelines of an event in Dubai………………………………………..Full Article: Source

 
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