United Arab Emirates-based Dana Gas said on Saturday it had made a find of 30 billion cubic feet of gas in Egypt, its fourth in the North African country this year.

A company statement said the find was at the Tulip-1 well in the West El Qantara concession located in the Nile Delta region.

Dana Gas, which relies on Egypt for the bulk of its income, said last year that it planned to invest about $500 million in Egypt and Iraq's Kurdish region in 2009 to boost natural gas output.

The Iraqi government rejected this week an $8 billion Kurdish plan to supply gas through the Nabucco pipeline to Europe, a major setback to a project in which Dana is a shareholder and which is designed to reduce the continent's reliance on Russian energy.-Reuters