Dana Gas confirms full settlement of overdue receivables from Egypt, with AED 73 million ($20m) payment received | premargin
Dana Gas confirms full settlement of overdue receivables from Egypt, with AED 73 million ($20m) payment received
·ADX·General Disclosure | General Press Release·May 1, 2026·View on exchange
AI Summary
Dana Gas received a $20 million (AED 73 million) payment from Egypt, marking the full settlement of all overdue receivables.
The company's receivables position is now current following this payment and a previous $50 million collection received in December 2025.
Egypt production for Q1 2026 increased 4% year-on-year to 13,060 boepd, representing the first period of production growth in many years.
Ongoing investment in Nile Delta assets added approximately 30 MMscf/d of production and 36 Bcf of reserves during 2025 as part of a $100 million program.