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Dana Gas advances Egypt drilling and clears dues
Dana Gas announced progress in its drilling operations in Egypt and the settlement of its overdue receivables, after receiving payments totaling 79 million dirhams, which enabled it to settle all its obligations in the country. As a result, the company experienced a 4% increase in production during the first quarter of 2026, alongside the discovery of a well containing estimated gas reserves of 10 billion cubic feet, with the potential to add 12 billion cubic feet of future resources before the end of 2026. The company is committed to continuing its investments in Egypt to enhance its production and gas reserves.
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