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.
arrears | Egypt Oil & Gas - Part 2
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.
Paying Arrears to IOCs Attracts Investments: ECHEM Head
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, Sa ...
Petroleum Sector to Repay $1B to IOCs Each Year
The Egyptian oil and gas sector plans to repay $1 billion each year to international oil companies (IOCs) that work in Egyptian concession areas.
Petroleum Ministry to Settle IOC Arrears by 2019 End
The Egyptian Ministry of Petroleum plans to settle total arrears for international oil companies (IOCs), which have reached $1.2 billion, by the end of 2019.
Dana Gas Delays New Investments in Egypt
Dana Gas will delay making new investments in Egypt's oil and gas sector due to unpaid arrears.
