The company reported a near-doubling of capital expenditure during the first nine months of the year of $123m, up from $63m in the same period last year. Spending in Egypt reached $70m, while $53m was allocated to the Kurdistan Region of Iraq, where it is ramping up gas production.
"As we move forward to the actual construction phase of the first 250 million square feet per day [gas processing] train we will, of course, be expecting and anticipating a significant increase in the amount of capex [capital expenditure] next year," Dana Gas chief executive Patrick Allman-Ward told reporters in an earnings call on Thursday. "This will be fully funded and will not result in any cash call to Dana Gas."
More: https://www.thenational.ae/business/energy/dana-gas-looks-to-boost-investments-in-iraq-as-it-sells-egyptian-assets-1.937590
No comments:
Post a Comment