IOC arrears | Egypt Oil & Gas

Petroleum Ministry Pays $111M in Arrears to Dana Gas

Emirate company Dana Gas has announced receiving $111 million of arrears from the Egyptian Ministry of Petroleum, the company announced in a press release. The company’s average production in Egypt has declined ...

Dana Gas Delays New Investments in Egypt

Dana Gas will delay making new investments in Egypt’s oil and gas sector due to unpaid arrears, the company stated in a press release. “Due to the lack of regular and predictable payment the company will continu...

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