Egypt’s Debt To Dana Gas At USD 300 M

Sherif Ismail, Minister of Petroleum, revealed that Egypt owes USD 300 million to UAE’s Dana Gas according to AlBayan Newspaper.

Ismail added that Dana gas works on Oil production in the Delta. and that the ministry is working on attracting more investments by the company in the next period.

The minister said that the ministry is in talks with foreign oil firms to reschedule its debts which reached USD 4.8 billion.

Source : Arab finance