debt | Egypt Oil & Gas

Egypt Pays $30B to Foreign Bodies in 2017

Egypt paid $30 billion to foreign bodies in 2017, and is committed to pay over $12 billion in debts and commitments in 2018.

Egypt Owes EGP 121b to EGPC

The dues owed by governmental agencies to the Egyptian General Petroleum Corporation amounted to EGP 121b at the end of 2015/2016.

Oil Ministry Received EGP 20b in Debts from Electricity Ministry

The Ministry of Electricity has paid EGP20b of its debt to the Ministry of Petroleum and Mineral Resources.

Sasol Aims to Produce Oil in Mozambique in 2-3 Years

Petrochemicals group Sasol has found oil in wells off Mozambique and aims to bring the fossil fuel to production for the first time in the southern African nation.

Egypt Aims to Reschedule Debt Payment to IOCs in 2017

Egypt's PM Sherif Ismail's cabinet wants to reschedule the debts to be paid to foreign oil companies operating in the Egyptian sector during 2017 in order to be able to pay out the entire debt by 2019.

Dana Gas to Freeze Investments

Dana Gas confirms freezing investments in Egypt over unpaid arrears of $265m.

Ghana’s Oil Importers Threaten Government

Ghana's domestic oil importers said they may take legal action against the government to recover interest on an outstanding debt of $384m.

Egypt to Pay EGP 800m to Fuel Power Plants

The Egyptian Ministry of Electricity will pay EGP 800m to the Ministry of Petroleum for fuel consumed by power plants.

Egypt Paid EGP 1b to Eni

The Egyptian Ministry of Petroleum and Mineral Resources has paid EGP 1b to Italian Eni, as part of the outstanding dues for for the company's equity production.

Brickworks Refuse EGAS Rescheduling Proposal

A source from the Egyptian Natural Gas Holding Company (EGAS) stated that many brickworks are delinquent in payments due for gas supplies and that EGAS will resort to legal action after the factories refused the comp ...

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