UAE’s Dana Gas receives $40 mln from Egypt

07/06/2017 Argaam

Abu Dhabi-listed energy firm Dana Gas on Wednesday said it had received $40 million from the Egyptian government towards its outstanding receivables.

 

The company’s current receivables balance in Egypt now stands at $187 million, it said in a bourse statement.

 

Last month, Dana Gas received two separate payments of $50 million and $20 million from the Egyptian government.

 

The total amount received in 2017 stands at $135 million, the company said. 

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