arrears | Egypt Oil & Gas - Part 2
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 ...
El Molla: IOCs’ Arrears Decline to $200 MM
The Minister of 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, Al Ahram Gate re...
Egypt Reduces IOC Arrears to $900 MM: El Molla
The total arrears that shall be collected by international oil companies (IOCs) dropped to $900 million by the end of June 2019, according to the Minister of Petroleum Tarek El Molla, Reuters reported The arrears decr...
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 are obtained from the Egyptian government and the remaining $10 million are from selling the second El Wast...
Egypt Cuts IOCs Arrears by 80% in 6 Years
Egypt has successfully decreased foreign partners’ arrears by more than 80% between 2012 and 2018, according to the Minister of Petroleum and Mineral Resources Tarek El-Molla, Amwal Al Ghad reported. The ministe...
EEHC Receives EGP 6.1 B Arrears from Government Entities
The Egyptian Electricity Holding Company (EEHC) received EGP 6.1 billion of its arrears from authorities and governmental institutions in February, a source at the Ministry of Electricity told Al Borsa Newspaper. Tota...
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, governmental sources told Al Borsa News. The Egyptian Electricity Holding Co... Dana Gas Receives $20M Arrears from Egypt
Dana Gas has announced receiving arrears equivalent to $20 million in Egyptian pounds from the Egyptian government, the company announced in a press release. Egypt paid a total of $152 million to Dana Gas in 2018, and...
