The UAE company, Dana Gas, said it was still studying the restructuring process, which might include selling its assets in Egypt.
According to the newspaper, the statement, the company added in a statement, that the review was affected as a result of global circumstances related to the outbreak of the Corona epidemic, and was not completed last March as previously announced.
She noted that when taking into account the ongoing change in conditions resulting from the global response to the Corona outbreak, the company cannot estimate a date for the completion of the strategic review.
In its statement, Dana Gas stressed that it will inform the markets of any developments in this regard if they occur.
The company announced last March its intention to prepare a feasibility study to discuss the possibility of separating its exploration and production business into a new independent company that will also be listed in the Abu Dhabi market.
Dana Gas's exploration and production assets in Egypt are wild assets in the Nile Delta region, with the exception of the sixth sector in the eastern Mediterranean.
Dana Gas currently has assets for exploration and production of oil and gas, and includes Dana Gas Egypt, and a 35% stake in Pearl Petroleum Company, the owner and operator of exploration and production in the Kurdistan region of Iraq.
