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Dana Gas to invest USD 47mn in Egypt this year category
March 17, 2018
Source: Zawya

Dana Gas to invest USD 47mn in Egypt this year

Owing to the non-receipt of payments for the past investments, Dana Gas has decided to restrict its investments in Egypt. This UAE based energy firm is having a hard time recovering payments from Egypt with total receivables amounting to a staggering sum of $228 million. Dana is extremely cautious about any new investments in the country following the sporadic and disappointing payment pattern followed by Egypt.

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