Dana Gas has a 26.4% interest in Egyptian Bahrain Gas Derivatives Company (“EBGDCO”), a joint venture to build a LPG extraction plant at Ras Shukhier on the Gulf of Suez. This interest is held through Dana Gas’ 66% ownership of Danagaz Bahrain. The plant has started operating in October 2012. The plant is extracting over 800,000 barrels of Propane and Butane per annum from feed gas of 150mmscf/d.
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