arrears | Egypt Oil & Gas - Part 4
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, the Minister of Petroleum and Mineral Resources, Tarek El Molla, told Egyptian media, R...
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, the Prime Minister, Sherif Ismail, said, Al Mal News reports. The prime minister noted that these compa...
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, the Minister of Petroleum and Mineral Resources, Tarek El Molla, told Al Borsa. The minister noted that ...
Amer: CBE to Pay $750m to IOCs by June
The governor of the Central Bank of Egypt (CBE), Tarek Amer, said that the bank will pay $750m of arrears to International Oil Companies( IOCs) by June 2017. Amer mentioned that the bank already paid $750m earlier, a... Egyptian Arrears to IOCs Decreased
The Egyptian General Petroleum Corporation (EGPC)’s Head, Abed Ezz El Regal, stated during the meeting at the American Chamber of Commerce that Egyptian arrears to international oil companies (IOCs) decreased fr...
Egypt Owes EGP 121b to EGPC
Parliamentary sources said that the dues owed by governmental agencies to the Egyptian General Petroleum Corporation (EGPC) amounted to EGP 121b at the end of the past fiscal year 2015/2016, according to Daily News Eg... Ministry of Petroleum Arrears Down by $2.8b
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the ministry has successfully reduced its arrears for the IOCs by $2.8b in the last three years, as dues reached around $6.3b by the... Egypt to Repay Half IOCs Arrears
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Moll, stated that Egypt will repay half of its dues to international oil company (IOCs) in weeks. The country’s arrears for IOCs were estimated at $...
