Reuters reported that Dana Gas is not in talks with the Syrian government about investing in the country.

UAE press reports in early October said that the company which already has overseas operations in Egypt and Iraq was in advanced talks with Damascus to enter the Syrian energy sector.

But the Gulf's only listed natural gas company says it is no longer in talks with the Syrian government with foreign companies increasingly discouraged from doing business with Damascus because of sanctions against the Syrian government.

Mr Ahmed Rashid Al Arbeed CEO of Dana Gas said that “Although the company has reviewed opportunities in Syria last year it is currently not involved with any discussions with the Syrian authorities nor has signed any contracts or agreements.”

(Sourced from Reuters)