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UAE’s Dana Gas to invest $350 mln in Egypt
SHARM EL SHEIKH, Egypt (Reuters) – Dana Gas will invest $350 million in Egypt over the next 30 months and expects to receive outstanding arrears from the government by the end of 2016, the United Arab Emirates company’s chief executive said on Saturday.The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant, Patrick Allman-Ward told Reuters at a weekend investment…
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