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Wednesday, January 7, 2026 3:12 GMT
Dana Gas has received AED 184 million (~US$50 million) payment from the Egyptian Government, significantly reducing overdue receivables. The payment supports the company’s ongoing drilling programme under the consolidation agreement with the Egyptian Government, which was formally signed in December 2024. The agreement consolidated Sharjah-based Dana Gas’s concessions in Egypt and provided improved fiscal terms to support new upstream investment, while also including additional acreage...More