Dana Gas receives AED 28m from KRG

Abu Dhabi – Mubasher: Dana Gas has announced that its 35%-owned subsidiary Pearl Petroleum Company Limited received AED 79.2 million ($21.6 million) from the Kurdistan Regional Government (KRG) concerning condensate sales.

Dana’s share of the last payment is AED 27.9 million, the Abu Dhabi-listed energy producer said in a statement.

“The continued arrival of these payments on time provides both us and our partners with the confidence to push forward aggressively with our expansion plans,” Dana’s CEO Patrick Allman-Ward commented.

Pearl Petroleum has received AED 773 million in payments from the KRG year-to-date (YTD), Dana revealed.

Mubasher Contribution Time: 10-Sep-2018 08:20 (GMT)
Mubasher Last Update Time: 10-Sep-2018 08:23 (GMT)