debt | Egypt Oil & Gas - Part 5
Egypt to Reduce its Debt to IOCs to $2.9bn
Sherif Ismail, Egypt’s Petroleum Minister announced the country’s plan to reduce its debt to foreign oil companies to $2.9 billion from $3.5 billion by the end of August, with a plan to repay the rest by the end of 2 ...
India Debt Driving Iran Gas Field Investments
India has discussed ways of repaying $6.5 billion in overdue debt to Iran and development of a major gas field in the Persian Gulf, New Delhi-based media say.
Ghana Economy Reels from Low Oil Prices
Oil has gone from savior to curse for Ghana.
Egypt to Pay Part of Its Dues to Foreign Companies by End of 2015
The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the end of the year, said Tariq al-Mulla, chairman of the authority.
Gulf Keystone Financial Position Improves, Expands Kurd Crude Export Plans
Gulf Keystone Petroleum Ltd said it had received further payments on recent contracts, helping prop up its cash position, and continued to progress towards a regular payment cycle for the oil it produces.
Nigeria To Share $2.1 Bn of Natural Gas Revenues
Nigeria will share $2.1 billion to federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans as Africa's biggest oil producer suffers declining revenues, the presidenc ...
Buhari Denies Oil Savings Account Is Depleted
Nigerian President Muhammadu Buhari denied that the oil savings account will be depleted to pay government debts, including civil servants’ salaries.
Buhari Advised to Overhaul Nigerian Oil Sector
Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa's biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform proposa ...
