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المشهد العربي
Dana Gas Completes Payments in Egypt and Boosts Reserve Estimates
Dana Gas announced that it has settled all its overdue financial obligations in Egypt after receiving additional cash flows from the Egyptian government amounting to 79 million dirhams ($21.5 million). Recent drilling operations have revealed estimated gas reserves of up to 10 billion cubic feet, with additional indicators suggesting the potential to add approximately 12 billion cubic feet in the future, thanks to structural improvements, financial restructuring, and collaboration with the government. The company is also continuing with an investment plan of $100 million to maintain production stability, with average production in the first quarter increasing by 4% to reach 13.06 thousand barrels of oil equivalent per day.
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