Egypt Owes $1.3b to Royal Dutch Shell

• Monday, 3rd October 2016
• by Sarah Samir

The Egyptian Ministry of Petroleum currently owes Royal Dutch Shell $1.3b, up from $1.1b in July. These amounts are owed against the ministry's purchases of Shell's production from Rasheed Concession and British Gas ...

Egypt to Settle $400m Dues to Shell, BG

• Wednesday, 18th May 2016
• by Egypt Oil & Gas

Shell and British Gas (BG) have reached an agreement with the Egyptian Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phas ...

BG in Negotiations with Egypt over Burullus Fields

• Tuesday, 5th April 2016
• by Egypt Oil & Gas

British Gas (BG), a subsidiary of Shell, informed that work on the 9B Phase in the Burullus fields in the Mediterranean Sea would be resumed if the Egyptian General Petroleum Corporation (EGPC) allowed BG to export 1 ...

British Gas to inject US$5 billion in investments

• Wednesday, 12th September 2012
• by Egypt Oil & Gas

Petroleum Minister Osama Kamal on Tuesday said British Gas is injecting US$3 billion to US$5 billion into development projects in Egypt, in addition to its current investments that amount to US$10 billion.