arrears

  • El Molla Highlights Egypt’s E&P Agreements in CERAWeek

    El Molla Highlights Egypt’s E&P Agreements in CERAWeek

    Wednesday, 21st October 2020

    Tarek El Molla, Minister of Petroleum and Mineral Resources, highlighted securing 12 exploration and production (E&P) agreements with working international oil companies (IOCs) in Egypt and newly-enrolled companies such as; Chevron and ExxonMobil despite the pandemic challenges. This came during CERAWeek’s annual energy conference, the most prominent energy conference in the world, and comes as a part of a series of interviews with major figures participating in the next edition of the conference in March 2021.

  • El Molla, Shaker to Sign a Protocol to Adjust Debts

    El Molla, Shaker to Sign a Protocol to Adjust Debts

    Thursday, 30th January 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, agreed with the Minister of Electricity and Renewable Energy, Mohamed Shaker, to sign a protocol that aims at settling both ministries' debts and adopting a method for future transactions in a manner that ensures avoiding any financial accumulations or new arrears.

  • El Molla: IOCs’ Arrears Decline to $200 MM

    El Molla: IOCs’ Arrears Decline to $200 MM

    Tuesday, 21st January 2020

    he Minister of the Petroleum and Mineral Resources, Tarek El Molla, announced that arrears of the international oil companies (IOCs), decreased to $200 million in comparison of $900 million of June 2019.

  • Egypt Reduces IOC Arrears to $900 MM: El Molla

    Egypt Reduces IOC Arrears to $900 MM: El Molla

    Thursday, 11th July 2019

    The total arrears that shall be collected by the foreign crude oil companies backed off to $900 million by the end of last June.

  • Dana Gas Receives $48 MM from Egypt

    Dana Gas Receives $48 MM from Egypt

    Monday, 1st July 2019

    Dana Gas PJSC has received around $48 million from its operations in Egypt in June 2019; of which $38 million from the Egyptian government and the remaining $10 million from selling the second El Wastani condensate shipment in 2019.

  • Egypt Cuts IOCs Arrears by 80% in 6 Years

    Egypt Cuts IOCs Arrears by 80% in 6 Years

    Sunday, 16th June 2019

    Minister of Petroleum and Mineral Resources Tarek El-Molla revealed that Egypt has successfully decreased foreign partners' arrears by more than 80% between 2012 and 2018.

  • EEHC Receives EGP 6.1 B Arrears from Government Entities

    EEHC Receives EGP 6.1 B Arrears from Government Entities

    Thursday, 18th April 2019

    The Egyptian Electricity Holding Company (EEHC) received EGP 6.1 billion in arrears from authorities and governmental institutions during February.

  • Electricity Debts to Petroleum Sector Reach EGP 150 B

    Electricity Debts to Petroleum Sector Reach EGP 150 B

    Sunday, 23rd December 2018

    Electricity ministry's debts to the Egyptian General Petroleum Corporation (EGPC) reached EGP 150 billion at the end of November 2018.

  • Dana Gas Receives $20M Arrears from Egypt

    Dana Gas Receives $20M Arrears from Egypt

    Tuesday, 18th December 2018

    Dana Gas has announced receiving arrears equivalent to $20 million in Egyptian pounds from the Egyptian government.

  • Paying Arrears to IOCs Attracts Investments: ECHEM Head

    Paying Arrears to IOCs Attracts Investments: ECHEM Head

    Wednesday, 12th December 2018

    The Egyptian government's perseverance with paying receivables to international oil companies (IOCs) will help the country to attract further investments, Chairman of the Egyptian Petrochemical Holding Company, Saad Helal, has said.