debt | Egypt Oil & Gas - Part 6
Mergers a Key Tool in Abu Dhabi’s Debt Alleviation Plans
Abu Dhabi may merge its national energy company into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance
Egypt’s National Cement Factory Owes EGP 1Bn to EGAS
The Egyptian Natural Gas Holding Company's (EGAS) dues from the government-owned National Cement Factory has reached EGP 1bn. EGAS demanded its money to be paid back but it is still not decided when it will receive t ...
Ministery of Petroleum: EGPC in Dire Financial Strain, as Debt Climbs to EGP 101bn
the Minister of Petroleum appealed to the Council of Ministers to save EGPC from its financial troubles, represented as they are by a high ceiling of the debt, in addition to its inability to collect its dues from go ...
Egypt’s Carbon Holdings Hopes to Conclude $4bn Debt Financing
Egypt's Carbon Holdings hopes to conclude a $4 billion debt financing with export credit agencies to back its $7.4 billion Tahrir Petrochemicals project by the end of this year, its chief executive said on Monday.
Nigeria’s Amcon Recovers 57% of Bad Debts Acquired from Crisis
The Asset Management Corp. of Nigeria said it has recovered 57 percent of the bad debts it took on five years ago to rescue banks in Africa’s largest economy from collapse.
BP Scaling Back Iraq Operations as Government Payments Become Uncertain
BP has cut its development budget for Iraq's giant Rumaila oilfield by $1 billion this year after the government warned a slump in crude prices and its battle against Islamic State was making it difficult to pay oil ...
Petroleum Ministry Owes EGP 100Bn to Finance Ministry
The debt of the Ministry of Petroleum to the Ministry of Finance has climbed to reach EGP 100bn. The main reason for that was the Ministry’s effort to pay accumulating arrears to foreign partners.
IOCs Must Pay Iran Debts Once Sanctions are Removed, Official
International oil companies’ pending debts to Iran stand around $18 billion, with British, Korean, Indian and Greek processors owing much of the sum, an official says.
