IRAQ/EGYPT/UAE

 

Dana Gas Sees Production But Also Receivables Rise in 2013

 

UAE-based independent Dana Gas saw production rise 8% in 2013. But whilst its operations in Egypt appear to be looking up, the firm is dogged by payment delays in the KRG and has launched arbitration.

 

Dana Gas reported an 8% increase in overall production across its KRG and Egypt asset base, reaching 64,700 barrels of oil equivalent per day (boe/d) in 2013, compared with 2012 levels of 59,800...