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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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Gulf stock markets were generally little changed on Sunday, though Abu Dhabi's Dana Gas surged on news of plans for its first annual dividend for several years.
The Abu Dhabi index rose 0.
The Gulf Today
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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