Dana Gas, the UAE energy firm, faces delayed payments of $148 million for gas from the Egyptian government which could have an impact on its future investments in the country, Dana's CEO told Reuters on Thursday.
"We have a four to five months delayed payments from the Egyptian government which is an amount of $148 million," Ahmed al-Arbeed told Reuters in a telephone interview.
Dana Gas has significant investments in Egypt and said it produced 4.25 million barrels of oil equivalent (BoE) in the country during the first-quarter of this year.
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