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.
arrears | Egypt Oil & Gas - Part 4
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. 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.
