Dana Petroleum News
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The women squeezed together in an open truck as it left a Cairo warehouse, each clinging to a canister of subsidized cooking gas. Dozens more waited in line.
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Egypt continues to attract investment from overseas oil companies operating in the North African nation even if they are owed payments by the nation’s government, according to Egyptian Natural Gas Holding Co.
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Dana Petroleum Plc, the U.K. oil producer owned by Korea National Oil Corp., said acquisitions may allow it to exceed a production target of more than 100,000 barrels a day by 2016.
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Dana Petroleum Plc, the U.K. explorer acquired by Korea National Oil Corp. in 2010, plans to raise its stake in a North Sea oilfield, increasing its production from the area by more than seven times.
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.
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The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets. Stock symbols are in parentheses and prices are from the last market close.
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U.K. stocks declined for a third day to a two-week low on concern the recovery in the world economy may be losing pace.
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Dana Petroleum Plc, the U.K. explorer acquired by Korea National Oil Corp. in 2010, plans to expand in west Africa as it seeks to double production over the next five years.
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Dana Petroleum, which is owned by Korea National Oil Corp., South Korea’s state energy explorer, formed a joint venture with Egyptian General Petroleum Corp. to develop oil and gas in an area of the Gulf of Suez, Egypt’s Oil Ministry said.
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The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets. Stock symbols are in parentheses and prices are from the last market close.
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