Egyptian Government News

Dana Gas on Track for Growth in Egypt

Agreements in the Nile Delta provides Dana Gas with additional highly material growth opportunities in the country. This supplements a number of positive developments including the recent signing of the landmark Gas Production Enhancement Agreement (GPEA) and the large payment made by the Egyptian government in December towards outstanding receivables. Together, these milestones place the Company on a much stronger footing in Egypt from which it can benefit for its next phase of growth. The GPEA allows the Company to significantly enhance production and to start gradually recovering its outstanding