Egypt repaid Dana Gas USD 40 mn that were overdue, CEO Patrick Allman-Ward announced. The payment, which came as part of the USD 750 mn Egypt paid IOCs, brings repaid debts by Egypt to Dana Gas in 2017 to USD 135 mn. Dana Gas says it is still owed USD 187 mn from Egypt. Dana Gas shares, which have been had fallen by one-third this year, had risen 11% on yesterday’s trading on the news of the repayment, The National’s Anthony McAuley writes.

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