293 million dirhams proceeds from payments received by “Dana Gas” from the Kurdistan region of Iraq

Sharjah 29-07-2019 / WAM
Dana Gas has announced a 74% increase in its share of the sales received from BP sales – condensate, liquefied petroleum gas and gas – in the Kurdistan Region of Iraq during the first half of this year.
The company said in a statement posted on the Abu Dhabi Securities Market that its share of cash payments received in the Kurdistan region rose to 293 million dirhams during the first half of this year compared to 169 million dirhams in the same period last year.
Dr. Patrick Waldmann, CEO of Dana Gas, said: “We are delighted to work with the Government of Kurdistan for the cooperation, regularity and promptness of timely payments.” Mutual trust will inevitably bring significant and tangible benefits to the region. The oil sector.
He added that this will ensure the flow of revenues necessary to develop the infrastructure, noting that after the achievements achieved during the past year, the company looks forward to strengthen its cooperation with the Government of the Territory and continue to make more achievements in the coming years.