Dana Gas KRI collections at $53 million year-to-date
SHARJAH, 20th April, 2021 (WAM) Dana Gas has announced that year-to-date Pearl Petroleum Company Limited has received $151 million (AED553 million) from the sale of gas, condensate and LPG, in the Kurdistan Region of Iraq (KRI). All invoices from the KRG continue to be settled in full and in a timely manner.
Dana Gas is a 35 percent shareholder in Pearl Petroleum and accordingly its share of KRI collections year-to-date is $53 million (AED 194 million), the company said in a statement on Tuesday.
Of Pearl Petroleum’s total collections this year, $24.6 million was received in respect of overdue receivables, of which Dana Gas’s share was $8.6 million. Pearl Petroleum’s overdue receivables from the KRI stand at $42 million following the most recent payment, with Dana Gas’s share at $14.8 million.
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Dana Gas KRI collections stand at $53 million year-to-date
6 hours ago Picture used for illustrative purpose. Dana Gas has announced that year-to-date Pearl Petroleum Company Limited has received $151 million (Dhs553 million) from the sale of gas, condensate and LPG, in the Kurdistan Region of Iraq (KRI). All invoices from the KRG continue to be settled in full and in a timely manner.
Dana Gas is a 35 per cent shareholder in Pearl Petroleum and accordingly its share of KRI collections year-to-date is $53 million (Dhs 194 million), the company said in a statement on Tuesday.
Of Pearl Petroleum’s total collections this year, $24.6 million was received in respect of overdue receivables, of which Dana Gas’s share was $8.6 million. Pearl Petroleum’s overdue receivables from the KRI stand at $42 million following the most recent payment, with Dana Gas’s share at $14.8 million.
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