Abu Dhabi – Mubasher: Dana Gas' strategic review of its assets in Egypt, including a potential sale of those assets, is still ongoing, the company disclosed to the Abu Dhabi Securities Exchange (ADX) on Sunday.

The company confirmed that there are not any further developments to be announced at this stage.

This announcement was made to comment on the news circulated on Thursday, 3 September, about the company's negotiations with Texas-headquartered IPR Energy to sell its Egyptian assets.

 Noteworthy to mention, on Thursday, Reuters reported that Dana Gas is holding negotiations with IPR Energy to sell its assets in Egypt, which came ahead of the Emirati energy producer's repayment of some $300 million in debt in October.