Middle East Economic Survey

VOL. LIV

No 40

3-Oct-2011

EGYPT

Dana Gas Awaits $200Mn In Payments From Egyptian Government

UAE-based Dana Gas on 27 September said the Egyptian government owes it $200mn for deliveries of natural gas from its onshore production operations. The delay in payment stems from differences over the interpretation of clauses in the production sharing agreement for calculating the division of profits. The payments were delayed in the previous months but now we are...