arrears | Egypt Oil & Gas - Part 3
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, official sources at the ministry told Amwal Al Ghad. The Eg...
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, the company stated in a press release. “Due to the lack of regular and predictable payment the company will continu...
EGPC to Borrow $850M to Repay IOC Debts
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), Al Mal News r...
Egypt to Repay $850M to IOCs
Egypt will repay $850 million in arrears to international oil companies (IOCs) operating in Egypt, said Tarek Amer, governor of the Central Bank of Egypt, according to CNBC Arabia. Amer did not mention the total debts... Egypt to Pay $200M in Arrears to IOCs
The Ministry of Petroleum and Mineral Resources will repay debts of $200 million to several international oil companies (IOCs) in June 2018, sources at the ministry told Al Borsa. The government is attempting to repay...
Aviation Ministry’s Arrears for Petroleum Ministry Hike to EGP 7 B
The Egyptian Ministry of Civil Aviation’s indebtedness to the Ministry of Petroleum increased to EGP 7 billion by the end of 2017, according to Arab Finance. The information was revealed to the website by a sour... 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, according to Amwal Al Ghad. The Ministry of Petroleum and Mineral Resources has paid $300 million, an... Egypt Pays $200 M in IOC Arrears, to Pay Additional $550 M by March
Egypt paid $200 million in arrears owed to foreign oil companies in January, according to Egypt’s Minister of Finance, Amr El Garhy, Reuters reported. El-Garhy added that Egypt will pay another $550 million in Februar...
