Egypt’s Foreign Debt to IOCs Drops to $3.2b

• Tuesday, 2nd August 2016
• by Egypt Oil & Gas

The Egyptian government decreased the oil and gas sector’s foreign debt to $3.2b, while budgeting $2.5b for LNG imports.

Shell to Settle $2.3b Debt with Iran

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

The National Iranian Oil Company (NIOC) and Royal Dutch Shell have agreed that the Anglo-Dutch company will clear off its debt of $2.3b, outstanding since 2011, once the international sanctions are completely removed.