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 Independent reported, citing sources in the Central Bank of Egypt (CBE). In addition t...
Egypt Owes EGP 121b to EGPC
Parliamentary sources said that the dues owed by governmental agencies to the Egyptian General Petroleum Corporation (EGPC) amounted to EGP 121b at the end of the past fiscal year 2015/2016, according to Daily News Eg... Oil Ministry Received EGP 20b in Debts from Electricity Ministry
An official source at the Egyptian Ministry of Electricity, said that the Ministry has paid EGP 20b of its debt to the Ministry of Petroleum and Mineral Resources in outstanding debts accumulated over several years an...
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, one of its joint chief executives said, according to ... Egypt Aims to Reschedule Debt Payment to IOCs in 2017
An official source in the Egyptian oil sector stated to Egypt Oil&Gas that PM Sherif Ismail’s cabinet wants to reschedule the debts to foreign oil companies operating in Egypt during 2017 in order to be able...
Dana Gas to Freeze Investments
The Egyptian Natural Gas Holding Company( EGAS) has not frozen or canceled its existing E&P agreements with Dana Gas, said an official source at EGAS, Al Mal reported. The source further stated that Dana Gas, like...
Ghana’s Oil Importers Threaten Government
Ghana’s domestic oil importers threatened to take legal action against the government to recover interest on a $384m debt, Reuters reported. The African state’s cedi currency witnessed a significant declin...
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, reported Daily News Egypt. Sources with the Ministry of Electricity stated that the ministry was s...
