Dana Gas, the Middle East's first regional private-sector natural gas company, announced that it has signed a Memorandum of Understanding (MoU) for strategic cooperation and co-investment with the Arab Petroleum Investments Corporation (APICORP), the UAE news agency "WAM" reported. APICORP is a leading inter-governmental regional financial institution specialized in energy finance and investment throughout the Arab region, and is headquartered in Al Khobar, Saudi Arabia. This move, which was sealed Sunday in Sharjah, marks another significant step in Dana Gas' continued regional expansion, with the strategic alliance. It was signed by Hamid Dhiya Jafar, Executive Chairman of Dana Gas, and Ahmad Al-Nuaimi, Chief Executive Officer and General Manager of APICORP. The agreement provides for strategic cooperation across the Middle East Region, including co-investment in joint projects in the natural gas sector.
