Dana Gas Settles Egypt Dues, Boosts Production

May 1, 2026

44 min

May 1, 2026 06:31

Dana Gas clears Egypt dues after $20 million payment, production returns to growth

## Payment Settlement

Dana Gas has successfully cleared its outstanding dues in Egypt following a $20 million payment. This payment, received from the Egyptian government, completes the settlement of overdue receivables, which had previously impacted the company's cash flow and investment plans.

## Production Growth

The company has reported a 4% increase in production from its Egyptian operations, reaching an average of 13,060 barrels of oil equivalent per day in the first quarter of 2026. This marks a return to growth after years of decline, attributed to new wells and workovers in the Nile Delta.

## Investment and Cooperation

Dana Gas is continuing its $100 million investment program in Egypt, aimed at stabilizing and increasing production. The company's CEO, Richard Hall, highlighted the constructive cooperation with the Egyptian government, which has been crucial in supporting ongoing investments and enhancing confidence in the energy sector.

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