debt | Egypt Oil & Gas - Part 7
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.
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.
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.
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.
Egypt Revises Debt Payment Plan for Oil Companies
Egypt aims to fully repay its $3.1 billion debt to foreign oil and gas companies by mid-2016, around a year later than previously indicated, according to the oil ministry.
Egyptian Bank Gives $14 Million Loan to EGPC for Debt Repayments
The Egyptian Arab Land Bank ( EALB ) contributes $14 million to the state-owned Egyptian General Petroleum Corporation (EGPC)'s loan, chairman Abdel Meguid Mohy El-Din told Amwal Al Ghad on Sunday.
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.
