Qalaa Holdings has announced the signing of an agreement to settle all its debts to Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank of Kuwait in exchange for approximately EGP 4.547 ...
During a recent meeting, Minister of Petroleum and Mineral Resources Tarek El Molla indicated that the financial arrears of the ministry declined to EGP 51 billion after it had reached EGP 334 billion in June 2018 ...
The Egyptian Chemical Industries (Kima) has agreed with a consortium of six local banks to restructure EGP 6.8 billion in outstanding debt.
The Chairman of Libyan National Oil Corporation (NOC), Mustafa Sanallah, stated that the company targets to produce 1.2 million barrels per day (mmbl/d) of oil during 2021 as a part of its plan for the new year.
The Ministry of Public Business Sector signed a protocol to settle the debt owed to the Ministry of Petroleum and Mineral Resources for business companies’ natural gas withdrawals.
The Cabinet approved to settle the debt owed to the Ministry of Petroleum and Mineral Resources by some companies affiliated with the Ministry of Public Business Sector for their natural gas withdrawals.
The Egyptian electricity sector is set to pay down the total debts to the Ministry of Petroleum within five years.
The Egyptian electricity sector's debts to the oil and gas sector exceeded EGP 110 billion due to the fuel consumption at electricity generating power plants.
Egypt’s national oil companies (NOCs) will pay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla has said.
Debts owed by Egyptian state-owned oil companies to international oil companies (IOCs) fell to $2 billion in Q2 2018, down from $2.3 billion in October 2017.
