Dana Gas, one of the largest private natural gas companies in the Middle East, has signed an initial agreement with Syrian Petroleum Company to explore redevelopment and expansion of natural gasfields in central Syria, as the country looks to revive its energy sector and increase production.
The deal includes an assessment of Abu Rabah gasfield, one of the largest in Syria, Dana Gas said in a statement on Wednesday to the Abu Dhabi Securities Exchange, where its shares are traded.
The UAE company said it is the first gas developer to sign such an agreement in Syria.
“Dana Gas will conduct a comprehensive technical as
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