Dana Gas gets $10.4m from sale of condensate

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.