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Dana Gas: MOL share sale

Sharjah-based Dana Gas has raised $135m through the sale of 1.675m of its shares in MOL Hungarian Oil and Gas Company. Dana Gas took a 3% shareholding in MOL in 2009 as part of an agreement to farm into the Kurdistan region of Iraq, and the 8 February transaction leaves Dana Gas with a remaining interest in MOL of 1.486m shares, or about 1.4% of the share capital.

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African Energy Gulf States Newsletter