Dana Gas to cut 40% of its Sharjah workforce; expects its output in Egypt to increase
According to an article on Argaam, Dana Gas [DANA.AD] plans to layoff 40% of its workforce at its head office in Sharjah in an attempt to cut general and administrative expenses by half. The article added that the company will maintain its operations in Egypt and expects its current production of 34,000 barrel of oil equivalent per day (boepd) to increase. (Argaam)
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