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Decrease Egyptian manufacturing and softer Brent costs weighed on Dana Gasoline outcomes, as income for the primary 9 months of 2025 fell 10.8 per cent to AED 935 million (US$255 million) towards AED1,048 million (US$286 million) for a similar interval within the earlier yr.
Brent costs have been at US$83 stage final yr, and have fallen to US$71 per barrel.
As of 30 September 2025, Dana Gasoline’ money steadiness stood at AED671 million (US$183 million), together with AED550 million (US$150 million) held on the Pearl Petroleum stage. Money on the company stage stood at AED66 million (US$18 million).
Spotlight of the quarter was the completion of the KM250 enlargement challenge in October 2025, which was achieved forward of schedule within the Kurdistan Area of Iraq (KRI).
https://www.arabianbusiness.com/gcc/uae/dana-gas-says-pearl-petroleum-has-initiated-arbitration-against-enerflexThe new facility provides 250 million commonplace cubic toes per day (MMscf/d) of gasoline processing capability to the Khor Mor discipline, growing the location’s complete put in capability within the KRI by 50 per cent. When working at full capability, this enlargement is predicted to spice up Dana Gasoline’ income by as much as 35 per cent.
Richard Corridor, CEO of Dana Gasoline, commented: “Regardless of a decrease oil value setting, our enterprise has remained resilient, marked by the numerous completion of KM250 – a serious milestone that can improve our manufacturing profile and ship optimistic monetary affect within the coming years.
“Alongside this, our continued funding programme in Egypt, and the event of Chemchemal discipline within the KRI, demonstrates our dedication to development. We additionally stay targeted on sustaining sustainable dividends to our shareholders as we construct on these achievements and proceed our sturdy operational and monetary efficiency.”
KM250 is likely one of the most important personal power infrastructure achievements in Iraq in recent times and demonstrates Dana Gasoline’s functionality to ship advanced initiatives.
The corporate additionally maintained regular progress in Egypt underneath the US$100 million funding programme, the place drilling and recompletion actions are ongoing following the profitable outcomes of Begonia-2 and Balsam-3 wells earlier this yr.
Group manufacturing for 9M 2025 averaged 50,900 barrels of oil equal per day (boepd), in comparison with 55,300 boepd in 9M 2024. KRI manufacturing averaged 38,600 boepd, a rise of 1 per cent, supported by constant demand from native energy era.
In Egypt, manufacturing declined by 28 per cent to 12,300 boepd from 17,100 boepd, primarily as a result of pure discipline declines. The funding programme will reverse the present decline and restore development in 2026.
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