arrears | Egypt Oil & Gas - Part 3

Egypt to Pay $250 M Arrears to IOCs in March

The Egyptian government plans to repay $250 million in arrears to international oil companies (IOCs) in March 2018.

Egypt Pays $200 M in IOC Arrears, to Pay Additional $550 M by March

Egypt paied $200 million out of total $2.4 billion in arrears owed to foreign oil companies in January.

Egypt to Pay $750M toward Arrears

Egypt will pay $750 million toward its arrears to international oil companies (IOCs) by the end of 2017.

El Molla: Egypt Planning to Make Arrears Payment

Egypt will make another payment toward its arrears to international oil companies (IOCs) before the end of 2017.

Egypt to Clear Back Payments to IOCs Within 2 Years

If Egypt maintains its current payment rate, it will pay down its arrears to international oil companies (IOCs) within two years.

Egypt to Continue to Pay Down Arrears

Egypt will make another payment toward its arrears to international oil companies (IOCs) before the end of 2017

IOC Investments in Oil & Gas Rise to $10B

Investments in Egypt’s oil and gas sector by international oil companies (IOCs) rose to $10 billion during 2017.

Amer: CBE to Pay $750m to IOCs by June

Tarek Amer, said that the CBE will pay $750m of arrears to International Oil Companies( IOCs) by June 2017.

Egyptian Arrears to IOCs Decreased

Egyptian arrears to IOCs decreased from $3.6b to $3.4b by end of April 2017.

Egypt Owes EGP 121b to EGPC

The dues owed by governmental agencies to the Egyptian General Petroleum Corporation amounted to EGP 121b at the end of 2015/2016.

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