Dana Gas's 2021 collections increase 107% to $377m - News
The total collections from Egypt in 2021 include a $48 million payment made by the Egyptian government in December
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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...
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Dana Gas Egypt collections reach $39 million in December 2021
Dana Gas has invested over $2bn since first entering Egypt in 2007.