Oil Egypt accountACCOUNT King Tut

Dana Gas Receives $19m from Egypt

Source: www.gulfoilandgas.com 3/31/2019, Location: Egypt

Share |
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has received a payment of $19 million (AED 70 million) from its operations in Egypt. This payment is made up of a $10 million payment from the Government in Egyptian pounds and $9.0 million from the sale of a shipment of El Wastani condensate.

The payment is part of the Government's ongoing efforts to reduce their receivables position to zero in 2019. In 2018, the Company made good progress in reducing its outstanding balance of overdue receivables. As at 31 December 2018, the net receivables position reduced by 39% to $140 million, the lowest level since 2011.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Egypt >>  9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partnerís oil and gas revenues of ...

Related Categories: Accounting, Statistics  Asset Portfolio Management  Economics/Financial Analysis  General  Investment Services  Risk Management 

Related Articles: Asset Portfolio Management  Economics/Financial Analysis  General  Investment Services 

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us