Wednesday, 16th June 2021
The Egyptian Chemical Industries (Kima) has agreed with a consortium of six local banks to restructure EGP 6.8 billion in outstanding debt.
Monday, 4th January 2021
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.
Monday, 7th December 2020
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.
Sunday, 1st November 2020
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.
Monday, 26th November 2018
The Egyptian electricity sector is set to pay down the total debts to the Ministry of Petroleum within five years.
Tuesday, 18th September 2018
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.
Thursday, 5th July 2018
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.
Sunday, 24th June 2018
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.
Sunday, 3rd June 2018
Debts owed by the Egyptian Ministry of Electricity to the Egyptian General Petroleum Corporation (EGPC) have reached EGP 107.667 billion.
Tuesday, 25th July 2017Egyptian Prime Minister, Sherif Ismail, urged governmental institutions to be all late dues to the oil and gas sector and the electricity sectorز