Egypt Pays $10 M to Dana Gas

• Sunday, 31st March 2019
• by Sarah Samir

Dana Gas received $10 million from the Egyptian government, as well as $9 million from El Wasatani field’s condensates, Egypt Oil & Gas reports. The government’s payment comes in line with Egypt’...

Dana Gas to Spend $50 M in Egypt during 2018

• Sunday, 18th March 2018
• by Sarah Samir

Dana Gas Company has announced that it intends to spend around $50 million in Egypt over the course of 2018, Egypt Oil & Gas reports. This is a significant increase on the company’s net spend of $27 million ...

Dana Gas: Production in Egypt Rose in 1H

• Tuesday, 15th August 2017
• by Sarah Samir

Dana Gas announced that its production of gas in Egypt rose by 13%, Egypt Oil & Gas reports. While production slowed in the second quarter of 2017 to 37,650 barrels of oil equivalent per day (BOE/D), the company s...

Dana Gas to Resume Drilling in Egypt

• Sunday, 28th May 2017
• by Dr. Mahinaz El-Baz

Dana Gas stated that it would resume limited drilling in Egypt after receiving $70m in back-payments from the Egyptian Government, according to The National. Dana Gas received the equivalent of $70m in two payments, o...

EGPC Hedged USD on Weekly Basis

• Tuesday, 10th January 2017
• by Sarah Samir

International oil companies (IOC) operating in Egypt pay contractors at an exchange rate that is set weekly by the Egyptian General Petroleum Corporation (EGPC), reported Al Ma News. Officials at small IOCs stated tha...

EGPC to Expand Oil, Diesel Import

• Sunday, 14th August 2016
• by Sarah Samir

The Egyptian General Petroleum Corporation (EGPC) is in negotiations with foreign importers to provide 370,000t/m of oil and diesel to create massive strategic reserves to cover domestic market demands, starting from ...

Egypt’s EGAS Makes First Payments to LNG Suppliers in 2016

• Tuesday, 8th March 2016
• by Egypt Oil & Gas

Egypt’s state-owned Natural Gas Holding Company (EGAS) has made its first payments to suppliers of liquefied natural gas (LNG) since the payment terms for deliveries were extended in December, reported Reuters. ...

Aminex Shifts from PSAs to Royalty Payments in Egypt

• Tuesday, 25th August 2015
• by Egypt Oil & Gas

Oil and gas company Aminex PLC announced that it has converted its stake in Egypt’s West Esh El-Mallahah-2 production sharing contract in Egypt into a royalty structure reported London South East. This move is m...

UAE Based Dana Gas Promised Full Repayment by Egyptian Government by 2016

• Monday, 16th March 2015
• by Egypt Oil & Gas

Dana Gas, an energy firm based in the United Arab Emirates, could recover all of its outstanding arrears from the Egyptian government by next year, its Group Chief Executive Patrick Allman-Ward said. “We are hoping th...