Egypt has paid UAE’s Dana Gas the EGP equivalent of USD 20 mn in arrears, bringing total receipts to USD 152 mn, according to a company press release (pdf). The company also said it expects another payment to be made in USD by year-end to move forward with plans to drill a deepwater exploration well in North El Arish. The payment comes as Egypt pledges to fully repay amounts owed to international oil companies by the end of 2019.

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