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Dana Gas, the Middle East's largest regional private sector natural gas company, said that its collections from the KRI and Egypt rose 107% year-on-year in 2021 to $377 million (AED1.38 billion) from $182 million (AED667 million) in 2020.
Dana Gas, the Middle East's largest regional private sector natural gas company, said that its collections from the KRI and Egypt rose 107% year-on-year in 2021 to $377 million (AED1.38 billion) from $182 million (AED667 million) in 2020.
The total collections from Egypt in 2021 include a $48 million payment made by the Egyptian government in December
SHARJAH, 6th January, 2022 (WAM) -- Dana Gas has announced that its collections from the KRI and Egypt rose 107% year-on-year in 2021 to $377 million (AED1.38 billion) from $182 million (AED 667 million) in 2020, enhanced by a strong rebound in oil prices, an accelerated pace of payments from Egypt and the settlement of past outstanding KRI receivables. Dana Gas, which owns a 35% interest in Pearl Petroleum, saw its share of collections from sales of condensate, LPG and gas in the KRI rise...
Kurdistan Region of Iraq cleared 2019 dues as well while Egypt paid $48m in December