Continental Focus, International Reach

Dana G Receives Arrears Payment from Egypt

Tuesday, May 23, 2017

 

Dana Gas company received an installment of $20 million from the Egyptian government for outstanding arrears. The company reported that the Egyptian government paid the $20 million in local currency.

 

Last week Dana received a $50 million payment from the government in USD. A total of 25% has been paid back from the overall $283 million owed, according to the company.


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