arrears | Egypt Oil & Gas - Part 5
Egypt Paid $650m to Eni
The Assistant Sub Governor for Foreign Reserves at The Central Bank of Egypt (CBE), Rami Aboul Naga, said that Egypt paid $630m in financial obligations to Italian oil and gas company Eni in January to develop the gia... Egypt Reduced Oil, Gas Arrears to $3.5b
Egyptian Minister of Petrleum and Mineral Resources, Tarek El Molla, stated that 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
The Egyptian oil and gas industry seeks $30b in foreign investments within the next three years based on the government’s strategy to aim for mutual commitment in cooperation with the international oil companies... 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 cr...
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, Ministry of Petroleum spokesman Hamdi Abdel Aziz said. The statement was meant to dispel stories about d... 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 in an interview with Reuters. El Molla did not provid...
