Arrears Payment | Egypt Oil & Gas
Badawi Targets Output Gains with Horizontal Drilling, Hydraulic Fracturing
In a high‑level meeting with senior executives from oil and gas companies, Petroleum and Mineral Resources Minister Karim Badawi announced plans to deploy horizontal drilling and hydraulic fracturing techniques to boo...
Rystad: Egypt’s Energy Model Becomes Regional Blueprint
Egypt is undergoing a fundamental structural transformation in its petroleum and natural gas sectors. A recent report by Rystad Energy, an Oslo-based leading independent energy research and business intelligence compa...
Cabinet Affirms Commitment to Strategic Petroleum Reserves, Timely Payments to IOCs
Prime Minister Mostafa Madbouly held a meeting to review the availability of petroleum products’ strategic reserves and the regularity of arrears payments to International Oil Companies (IOC). The meeting was at...
Vaalco to Intensify Operations in Eastern Desert
Minister of Petroleum and Mineral Resources, Karim Badawi, has met with Iman Hill, Country Manager of Vaalco Energy in Egypt, to discuss the US-based company’s plans to expand its operations in Egypt and to utilize re...
PM Reviews Efforts with Ministers to Secure Egypt’s Energy
Prime Minister Mostafa Madbouly held a meeting with Karim Badawi, Minister of Petroleum and Mineral Resources; and Mahmoud Esmat, Minister of Electricity and Renewable Energy, to discuss several issues, including the ...
Dana Gas Receives $20 Million Payment in Egypt
Dana Gas Company announced that it has received about $20 million payment from the Egyptian Government. This amount takes the funds received in Egypt in Q4 2024 to $24.5 million. This payment, which will be reinvested...
Egypt Starts Paying Off Foreign Partners in Oil Projects
Prime Minister Mostafa Madbouly chaired a meeting today to address outstanding payments to foreign companies involved in Egyptian oil projects. The meeting was attended by Hassan Abdullah, Central Bank Governor; Tarek...
Net FDI in the Oil Sector Rises 135%
Net foreign direct investment (FDI) in the oil sector rose by 135% in fiscal year (FY) 2016/2017, according to the Central Bank of Egypt (CBE). Net FDI in the oil sector increased to $4 billion in FY 2016/2017 from $1...Page 1 of 1
