05/03/2018 06:07 AST

Dana Gas, the Middle East's natural gas company, said it has received $10.4 million in February 2018 from the sale of 157,200 barrels of El Wastani condensate at an average price of $66.5 per barrel.

The sale marks the fourth cargo of Egyptian condensate since the start of 2017, Dana Gas said in a statement.

Last year, the Company sold three shipments for a total receipt of approximately $21 million. The shipments are part of The Gas Production Enhancement Agreement Signed with the Egyptian government as a mechanism to help pay down the overdue receivables.


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The Gulf Today

Ticker Price Volume
RIBL 29.65 2,130,721
EIC.ADX 7.95 0
ALDREES 141.40 522,113
MIDAN 757.00 0
IQCD 13.65 1,642,147
FIPCO 45.05 42,576
MAADANIYAH 18.00 151,342
DANA Sector Market
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Ticker Price Change
SAUDIARAMCO 27.70 0.00 (0.00%)
ABAR 158.00 -1.00 (-0.63%)
ADNOCGAS 3.48 0.12 (3.57%)
ADNOCDRILL 5.51 0.03 (0.54%)
BAHRI 29.55 -0.15 (-0.51%)
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