Now Reading
UAE’s Dana Gas Says Receives $60m From Egyptian Government

UAE’s Dana Gas Says Receives $60m From Egyptian Government

Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability.

Egypt’s government has paid Dana Gas $60 million, part of overdue receivables totalling $212 million, the Abu Dhabi-listed firm said in a statement on Sunday.

Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability since a popular uprising ousted former president Hosni Mubarak.

The Cairo government said in November it intended to repay all its energy-related debt within six months.

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top