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RIYADH: Debts owed to the UAE-based natural gas company Dana Gas from Egypt dropped to below $30 million, reaching its lowest levels since its commencement of operations in 2007. This followed Egypt’s payment of 143 million dirhams ($39 million) in December. The latest payment raises the company’s 2021 Egypt collections by 130 percent to $184 million compared to $80 million
Dana Gas, the largest regional natural gas company, has received a payment of $39 million from Egypt in December, thus reducing its receivables from the Arab nation below $30 million, to its lowest levels since commencing its operations there in 2007.
SHARJAH, 29th December, 2021 (WAM) -- Dana Gas has received a payment of $39 million (AED143 million) from the Egyptian Government in December, the company announced Wednesday. This has reduced its receivables from the North African state below $30 million to its lowest levels since commencing operations there in 2007. It also complements what has already been a year of significant increases in collections from Egypt, increasing the company's 2021 Egypt collections by 130% to $184 million (AED 674 million) compared to $80 million received...
Dana Gas, the largest regional natural gas company, has received a payment of $39 million from Egypt in December, thus reducing its receivables from the Arab nation below $30 million, to its lowest levels since commencing its operations there in 2007.
Dana Gas has received a payment of $39 million (Dhs143 million) from the Egyptian Government in December, the company announced on Wednesday. This has reduced its receivables from the North African state below $30 million to its lowest levels since commencing