Dana Gas Completes Receivables Settlement in Egypt, Boosts Production
Dana Gas PJSC has successfully settled its overdue receivables in Egypt, marking a significant financial milestone for the company. The settlement, which included a $20 million payment, brings Dana Gas's receivables position in Egypt up to date. This financial resolution is part of ongoing engagement with the Egyptian government and is expected to support continued investment in the country's upstream sector. Additionally, Dana Gas reported a 4% year-over-year increase in production in the Nile Delta during the first quarter of 2026, driven by ongoing field development and well interventions. The company is executing a $100-million investment program aimed at stabilizing and increasing production across its Nile Delta assets.