Dubai
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.
