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.
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 will delay making new investments in Egypt's oil and gas sector due to unpaid arrears.
The Egyptian Ministry of Finance approved issuing local currency guarantees for two loans to help the Egyptian General Petroleum Corporation (EGPC) repay debts owed to international oil companies (IOCs).
Egypt will repay $850 million in arrears to international oil companies (IOCs) operating in Egypt.
The Ministry of Petroleum and Mineral Resources will repay debts of $200 million to international oil companies in June 2018.
The Egyptian Ministry of Civil Aviation's indebtedness to the Ministry of Petroleum increased to EGP 7 billion by the end of 2017.
The Egyptian government plans to repay $250 million in arrears to international oil companies (IOCs) in March 2018.
Egypt paied $200 million out of total $2.4 billion in arrears owed to foreign oil companies in January.
Egypt will pay $750 million toward its arrears to international oil companies (IOCs) by the end of 2017.
Egypt will make another payment toward its arrears to international oil companies (IOCs) before the end of 2017.