Dana Gas’s KRI, Egypt collections double

Dana Gas, the Middle East's largest private sector natural gas firm, announces that its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED938 million). It was $127 million (AED466 million) in the corresponding period the previous year. 

 

Dana Gas, which owns a 35% interest in Pearl Petroleum, saw its share of collections from sales of condensate, LPG and gas in the KRI jump 77% to $131 million (AED480 million) in the first nine months of 2021 as compared to $74 million (AED271 million) in the same period the previous year. 

 

In Egypt, Dana Gas collected $125 million (AED458 million) during the first nine months of 2021, compared to $53 million (AED195 million) received in the same period of 2020, representing a 136% increase.