arrears | Egypt Oil & Gas - Part 4

Ministry of Petroleum Arrears Down by $2.8b

El Molla said that the ministry has successfully reduced its arrears for the IOCs with $2.8b in the last three years.

Egypt to Repay Half IOCs Arrears

Egypt will repay half of its dues to international oil company during 2017.

Egypt’s Electricity Ministry to Pay EGP 700m of Fuel Arrears

Egypt's Ministry of Electricity is set to pay EGP700m to the Ministry of Petroleum and Mineral Resources.

Dana Gas to Freeze Investments

Dana Gas confirms freezing investments in Egypt over unpaid arrears of $265m.

Egypt Paid $650m to Eni

Egypt paid $630m in financial obligation to Italian oil and gas company Eni in January to develop the giant Zohr field off the Mediterranean coast.

Egypt Reduced Oil, Gas Arrears to $3.5b

Egypt's arrears to international oil companies (IOC) decreased from $3.6b in September to reach $3.5b by the end of December 2016.

Egypt Seeks $30b in Oil, Gas Investments

Egypt seeks $30b in foreign investments within the next three years.

Egypt Paid $5.4b in Oil, Gas Arrears

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the ministry has paid off an amount of $5.4b to cover all arrears for the fiscal year 2015/2016 in regard to purchases of equity c ...

Petroleum Ministry: Payments Being Made on Time

The petroleum sector has been able to fulfill its financial obligations in business dealings on a regular basis.

Egypt’s Arrears to Oil Firms Rise to $3b at End of 2015

Egypt’s overdue debt to foreign oil companies rose to $3b at the end of December 2015, up from $2.7b at the end of October, said Petroleum Minister, Tarek El Molla.

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