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Dana Gas: A significant improvement in the collection of dues from the Kurdistan Region
Shafaq News/ The Emirati "Dana Gas" company announced, on Thursday, a significant improvement in the collection of financial dues from the Kurdistan Region.
The company said in a statement published on the Abu Dhabi Securities Exchange website, seen by Shafak News Agency, that "the company's board reviewed a report on the progress of the company's operations and projects in Egypt, the United Arab Emirates and the Kurdistan Region of Iraq," noting that it "noted a tangible improvement in the collection of receivables." in the Kurdistan Region.
He added that "the board discussed a semi-annual report on the company's budget and work plan for the next five years, as well as another semi-annual report on the group's risk management. The board approved the financial statements for the first quarter. At the conclusion of its deliberations, the board reviewed a report on the progress of legal and arbitration cases." .
Dana Gas owns assets in the fields of gas exploration and production in the UAE, Egypt and the Kurdistan Region of Iraq, with a production rate of 66,200 barrels of oil equivalent per day, and proven and probable gas reserves of more than one billion barrels of oil equivalent in 2019.
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The company said in a statement published on the Abu Dhabi Securities Exchange website, seen by Shafak News Agency, that "the company's board reviewed a report on the progress of the company's operations and projects in Egypt, the United Arab Emirates and the Kurdistan Region of Iraq," noting that it "noted a tangible improvement in the collection of receivables." in the Kurdistan Region.
He added that "the board discussed a semi-annual report on the company's budget and work plan for the next five years, as well as another semi-annual report on the group's risk management. The board approved the financial statements for the first quarter. At the conclusion of its deliberations, the board reviewed a report on the progress of legal and arbitration cases." .
Dana Gas owns assets in the fields of gas exploration and production in the UAE, Egypt and the Kurdistan Region of Iraq, with a production rate of 66,200 barrels of oil equivalent per day, and proven and probable gas reserves of more than one billion barrels of oil equivalent in 2019.
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