arrears | Egypt Oil & Gas

MoP Arears Decline to EGP 51B

During a recent meeting, Minister of Petroleum and Mineral Resources Tarek El Molla indicated that the financial arrears of the ministry declined to EGP 51 billion after it had reached EGP 334 billion in June 2018 ...

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

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 companie ...

El Molla, Shaker to Sign a Protocol to Adjust Debts

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 ad ...

El Molla: IOCs’ Arrears Decline to $200 MM

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

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 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 condensat ...

Egypt Cuts IOCs Arrears by 80% in 6 Years

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

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

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