Dana boosts Egypt spend

摘要

Dana Gas plans to increase investment levels in order to raise production in Egypt. This move comes despite the volatile political situation, as Dana looks for a settlement on outstanding receivables with the government. UAE-based Dana plans to spend the funds on a multi-well appraisal campaign, the installation of gas compression facilities at its El Basant field and construction of a new pipeline linking its Salma and Tulip finds to the El Wastani plant.