Dana Gas
Dana Gas PJSC is the Middle East's largest independently listed natural gas E&P company, producing ~53.5 kboepd across the Kurdistan Region of Iraq, Egypt and the UAE, supplying government utilities and industrial customers under long-term offtake agreements.
- Company typePublic
- Founded2005
- HeadquartersAl Ma`sarah Al Mahattah, Egypt
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Dana Gas does
Dana Gas PJSC (ADX:DANA) is the Middle East's largest independently listed natural gas-focused exploration and production company, headquartered in Sharjah, UAE, with gross production of 53.5 kboepd and 2P reserves of 1,107 mmboe across three operating geographies: the Kurdistan Region of Iraq (KRI), Egypt, and the UAE. The company produces natural gas, condensate (~6,409 bbl/day) and associated liquids, supplying baseload fuel to government-linked power plants and industrial customers under long-term gas supply agreements; its core asset is the Khor Mor facility, where the KM250 expansion raised processing capacity by 50% to 750 MMscf/d in October 2025, completed eight months ahead of schedule on a $1.1 billion budget.
The business model is upstream commodity revenue: usage-based sales of produced gas and condensate priced against Brent crude benchmarks and individual offtake contracts, distributed through direct B2B channels to ministries (KRI Ministry of Natural Resources, KRI Ministry of Electricity) and Egyptian state entities under the Consolidated Concession Agreement signed in late 2024. Operations are executed through the Pearl Petroleum joint venture with Crescent Petroleum for KRI assets, with financing supported by a $700M sukuk program (2018 refinancing), Pearl Petroleum's $350M senior secured bond, and US DFC facilities. The company maintains a $215M net cash position and distributed an 18% dividend increase for 2025 despite a 22% revenue decline to $348M.
Dana Gas is actively diversifying beyond conventional gas: in November 2025 it became the first developer to sign an MoU with the Syrian Petroleum Company to redevelop post-war Syrian gas fields; in May 2026 it partnered with UK-based Levidian to develop the Sharjah Graphene Hub for industrial-scale methane-to-graphene production (~15 tpa initial output, USD 2-5M phase one, USD 5-50M+ expansion); and it is executing a $100M Egypt investment programme targeting 11 new wells, anchored by a 10 bcf Nile Delta discovery that delivered the first Egyptian production growth since 2017 (Q1 2026: +4% YoY to 13,060 boepd, with profit up 72% to ~$74M).
Dana Gas firmographics
Firmographics- Name
- Dana Gas
- Legal name
- Dana Gas PJSC
- Website
- https://danagas.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Dana Gas PJSC is the Middle East's largest independently listed natural gas E&P company, producing ~53.5 kboepd across the Kurdistan Region of Iraq, Egypt and the UAE, supplying government utilities and industrial customers under long-term offtake agreements.
- Ownership category
- akta.pro rank
Dana Gas industry classification
Industry- Product category
- Natural Gas Exploration and Production
- NAICS
- Natural Gas Extraction (211130)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)
Keywords
Where Dana Gas is headquartered
LocationHeadquarters
- HQ city
- Al Ma`sarah Al Mahattah
- HQ country
- Egypt
- HQ region
- Africa
Offices3 records
Markets served
Dana Gas business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- Natural Gas Sales: Dana Gas generates revenue primarily through the sale of natural gas produced from its KRI and Egypt operations. Gas is sold to power generation facilities and industrial customers under long-term supply agreements. Pricing is linked to Brent crude oil benchmarks.
- Condensate and Oil Sales: The company also generates revenue from the sale of condensate and oil by-products extracted alongside natural gas production. Condensate production averages approximately 6,409 bbl/day.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Dana Gas product offering
Product offeringCore offering
Dana Gas is a publicly listed natural gas-focused exploration and production (E&P) company operating across the Kurdistan Region of Iraq, Egypt, and the United Arab Emirates. The company explores for, produces, processes, and sells natural gas, condensate, and oil by-products primarily to government utilities for power generation and to large industrial customers under long-term supply agreements. It also holds interests in joint-venture operations including the Khor Mor and Chemchemal gas fields via Pearl Petroleum.
Product overview
Dana Gas PJSC is the Middle East's largest privately listed natural gas company, focused on sustainable growth across the natural gas value chain. The company operates a portfolio of exploration and production assets through both wholly-owned operations and joint ventures. Core operations include the Khor Mor and Chemchemal gas fields in the Kurdistan Region of Iraq (operated via the Pearl Petroleum joint venture with Crescent Petroleum), upstream assets in Egypt's Nile Delta, and UAE operations. The company completed the $1.1 billion KM250 expansion at Khor Mor in October 2025, adding 250 MMscf/d of processing capacity. Recent initiatives include the Sharjah Graphene Park partnership with UK-based Levidian for graphene production using methane-to-graphene technology, and Syria gas field rehabilitation assessments via MoU with Syrian Petroleum Company. With gross production of 53.5 kboepd and 2P reserves of 1,107 mmboe, Dana Gas serves regional power generation and industrial customers across three MENA markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Natural Gas Exploration and Production
Quantifiable outcome
- Q1 2026 production increased 4% year-on-year to 13,060 boepd in Egypt, first growth since 2017
- +2 more outcomes
Companies that use Dana Gas
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Dana Gas technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Dana Gas partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Levidian (UK)coreDana Gas PJSC and UK-based Levidian signed an MoU during the 'Make it in the Emirates' exhibition to develop the Sharjah Graphene Hub for industrial-scale graphene production using Levidian's patented LOOP technology. The initiative builds on an existing pilot partnership from January 2025 and will start with an estimated annual output of around 15 tonnes of graphene, with initial phase investment of USD 2-5 million and potential expansion investment of USD 5-50 million or more.
- Syrian Petroleum Company (SPC)coreDana Gas signed an MoU with the Syrian Petroleum Company to evaluate the redevelopment of existing gas fields in Syria, including the Abu Rabah field. This agreement marks Dana Gas as the first gas developer to sign such an arrangement with SPC, part of Syria's efforts to revive its hydrocarbons sector after the civil war.
- Crescent PetroleumcoreDana Gas and Crescent Petroleum jointly completed the KM250 gas expansion project at the Khor Mor facility in Iraq's Kurdistan Region, adding 250 MMscf/d of new processing capacity and raising total output to 750 MMscf/d, a 50% increase. The $1.1 billion project was delivered eight months ahead of schedule.
- Arcius Energy, Mubadala Energy, Dragon OilminorUAE companies including Dana Gas are working with Egypt to enhance collaboration in the oil and gas sector, including investments and infrastructure projects, with initiatives to establish Egypt as a regional energy hub.
Scale indicators11 records
Recent moves8 records
Expansion highlights4 records
Dana Gas competitors and assessment
Company assessmentDirect peers
- Crescent Petroleum: Crescent Petroleum is Dana Gas's direct JV partner in Pearl Petroleum and co-operator of the Khor Mor and Chemchemal gas fields in Kurdistan Region of Iraq. It is a privately held Sharjah-based gas-focused E&P operator with overlapping KRI gas operations and a comparable MENA footprint.
- Genel Energy: Genel Energy is a publicly listed E&P company historically focused on the Kurdistan Region of Iraq, producing oil from the Taq Taq field and holding interests in other KRI acreage. Its single-region KRI concentration and contracted offtake model closely mirror Dana Gas's KRI business.
- Gulf Keystone Petroleum: Gulf Keystone is a mid-cap E&P operator focused on the Kurdistan Region of Iraq, primarily producing from the Shaikan field. It is a like-for-like comparator to Dana Gas in terms of size, KRI concentration, and contracted regional offtake dynamics.
- Dragon Oil: Dragon Oil is a UAE-headquartered upstream operator with significant Egypt (and Turkmenistan) production and a MENA gas/oil mix. Like Dana Gas, it combines Gulf-headquartered corporate identity with Egypt and broader MENA production exposure.
Broad incumbents
- Mubadala Energy: Mubadala Energy is the Abu Dhabi sovereign-backed energy company operating across gas and upstream assets in MENA and Southeast Asia. It is a broader incumbent in the same regional gas-upstream space and is named alongside Dana Gas in UAE–Egypt sector collaboration initiatives.
- OQ (OQ Exploration & Production): OQ is the Oman national energy group operating upstream gas and liquids production and gas infrastructure across Oman. It is a comparable regional state-affiliated gas-focused incumbent with similar midstream and processing operations adjacent to Dana Gas's MENA gas value chain.
- Eni: Eni is a global supermajor with one of the largest upstream positions in Egypt, including gas developments in the Nile Delta and Mediterranean. It is directly comparable to Dana Gas's Egyptian upstream business but at much larger scale and with broader geographic diversification.
- TAQA: TAQA is the Abu Dhabi national utilities and energy company with significant gas and power assets across the UAE and internationally. It provides a comparable Abu Dhabi-listed, gas-and-power exposure benchmark for Dana Gas's UAE footprint.
- BP (Egypt business): BP operates the West Nile Delta gas development and other Egyptian upstream assets and is a major regional gas producer alongside Dana Gas in the Nile Delta. It represents a broader-incumbent gas E&P peer in the same Egyptian operating environment.
Regional players
- Wintershall Dea: Wintershall Dea operates upstream gas and oil assets across MENA (including Egypt and Libya) and Europe, with a strong emphasis on gas-weighted production. It is comparable to Dana Gas's mix of conventional gas E&P plus processing and gas marketing to industrial and power customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Dana Gas social profiles
Digital presenceDana Gas financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dana Gas leadership team
Management profileNumber of profiles
Profiles2 records
Dana Gas subsidiaries and ownership
Company hierarchySubsidiaries1 record
Dana Gas funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dana Gas M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dana Gas
What does Dana Gas do?
Dana Gas is a publicly listed natural gas-focused exploration and production (E&P) company operating across the Kurdistan Region of Iraq, Egypt, and the United Arab Emirates. The company explores for, produces, processes, and sells natural gas, condensate, and oil by-products primarily to government utilities for power generation and to large industrial customers under long-term supply agreements. It also holds interests in joint-venture operations including the Khor Mor and Chemchemal gas fields via Pearl Petroleum.
Is Dana Gas a public or private company?
Dana Gas is a public company. It is classified as public and is currently operating.
When was Dana Gas founded?
Dana Gas was founded in 2005. It employs 501 to 1,000 people.
Where is Dana Gas based?
Dana Gas is headquartered in Al Ma`sarah Al Mahattah, Egypt, in the Africa region.
How does Dana Gas make money?
Two revenue lines are on record. Natural Gas Sales are the primary driver. The others are condensate and Oil Sales.
Who are Dana Gas's main competitors?
Direct peers on record are Crescent Petroleum, Genel Energy, Gulf Keystone Petroleum and Dragon Oil. Broad incumbents are Mubadala Energy, OQ (OQ Exploration & Production), Eni, TAQA and BP (Egypt business). Wintershall Dea is listed as a regional player.
Does Dana Gas have an API?
No public API is recorded for Dana Gas.
What industry is Dana Gas in?
Dana Gas's product category is Natural Gas Exploration and Production. Its primary akta.pro industry code is EUAAAAAA, Conventional Natural Gas Exploration & Production (Dry Gas). Its NAICS code is 211130 and its SIC code is 1311.