Nigeria Reaches $5.1b Debt Deal with Oil Majors

• Thursday, 24th November 2016
• by Editorial Team

Nigeria has reached a $5.1b settlement to reimburse foreign oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, for past operating costs, Bloomberg reported. Nigeria’s Oil Minister, Emmanuel Ib...

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 cr...

EGPC Says Fuel Crisis is Over, Dues Paid on Schedule

• Monday, 21st September 2015
• by Egypt Oil & Gas

In an exclusive statements made to Egypt Oil & Gas (EOG) EGPC Vice Executive Chairman for Operations, Amr Mustafa confirmed that the fuel crisis had come to an end in all provinces. This was after 22,000 tons of g...