debt | Egypt Oil & Gas - Part 7
Kuwait Foreign Petroleum Accumulating Underwritten Debt
Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, said on Saturday it had received an additional $1.5 billion loan, raising a previous debt it took last Novembe...
Blackstone CEO: Oil Price Slump Creates Opportunities Elsewhere
Blackstone Group LP’s Chairman Stephen Schwarzman is seeing “remarkable” opportunities in debt and equity that are emerging out of the slump in crude oil. Most of the New York-based private equity firm’s energy invest...
Dana Gas Affirms Commitment to Egypt at March Summit
Dana Gas will invest $350 million (Dh1.28 billion) in Egypt over the next 30 months and expects to receive outstanding arrears from the government by the end of 2016, the company’s chief executive said on Saturday. Th...
War-Torn Iraq Suffers Low Prices, Oil Debt and Turkish Swap
Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in OPEC’s second-largest producer. Wes...
EGPC Owed EGP195 Billion; mainly by Ministries of Finance, Electricity, and Transport for Oil and Fuel Delivered.
The dues owed to EGPC from government agencies rose to EGP195 billion by the end of the month of January, compared to 170 billion at the end of October 2014. In exclusive statements made to Al-Boursa EGPC CEO Tariq Al...
Egypt Revises Debt Payment Plan for Oil Companies
Egypt aims to fully repay its . 1 billion debt to foreign oil and gas companies by mid-2016, around a year later than previously indicated, according to the oil ministry. “All current operational payments have b...
Egyptian Bank Gives $14 Million Loan to EGPC for Debt Repayments
Arranged by the National Bank of Egypt (NBE), National Bank of Abu Dhabi (NBAD), and HSBC, the loan is at total value of US$ 1.5 billion designated to pay part of Egypt’s debts owed to foreign partners in the pe...
Egypt Cancels Iraq’s Debts for Oil Shares
Reports revealed that the Egyptian and Iraqi governments have reached the proposal on the Iraqi debt to be canceled in exchange for shares of oil. The US Montier site said that a number of political, military and econ...
