Petroleum Africa
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Monday, March 5, 2018
Dana Gas reported that it received $10.4 million in February from the sale of 157,200 barrels of El Wastani condensate in Egypt. The company received an average price of $66.5 per barrel. The sale marks the fourth cargo of Egyptian condensate since the start of 2017.
Last year, the company sold three shipments for a total receipt of approximately $21 million. The shipments are part of the Gas Production Enhancement Agreement signed with the Egyptian government as a mechanism to help pay down the overdue receivables.
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