Egypt Owes USD300mln to UAE Dana Gas: Official

By Salma Ayman On Jun 15, 2014

Egyptian Petroleum and Mineral Resources Minister Sherif Ismail said the dues of Dana Gas UAE oil sector reached US$300 million.

Speaking to Amwal Al Ghad Arabic’s Website, Ismail said Dana Gas is one of the productive companies for oil in Delta, adding that ‘we seek to support and enhance its investments in Egypt within the ongoing phase.

The Ministry is currently communicating with all foreign firms in order to schedule its dues that retreated to US$4.8 billion in the last year.