Egypt Paid $5.4b in Oil, Gas Arrears

• Monday, 29th August 2016
• by Egypt Oil & Gas

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

• Tuesday, 26th January 2016
• by Egypt Oil & Gas

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

• Sunday, 3rd January 2016
• by Egypt Oil & Gas

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.

Petroleum Ministry Owes EGP 100Bn to Finance Ministry

• Monday, 27th April 2015
• by Egypt Oil & Gas

The debt of the Ministry of Petroleum to the Ministry of Finance has climbed to reach EGP 100bn. The main reason for that was the Ministry’s effort to pay accumulating arrears to foreign partners.