debts | Egypt Oil & Gas
MoP Arears Decline to EGP 51B
In a meeting with Prime Minister Mostafa Madbouly, 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 33...
Kima to Restructure EGP 6.8 b in Outstanding Debt
The Egyptian Chemical Industries (Kima) has agreed in principle with a consortium of six local banks to restructure EGP 6.8 billion in outstanding debt, according to a statement. The company did not disclose the six b...
NOC Targets to Produce 1.2 mmbl/d in 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, Libya...
Public Business Sector Settles Debt Owed to Petroleum Sector
The Ministry of Public Business Sector signed a protocol to settle the debt owed to the Ministry of Petroleum and Mineral Resources by business sector companies for their natural gas withdrawals. Tarek El Molla, Minis...
The Cabinet Approves Mechanism to settle Debt Owed to MoP
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. According to ...
Electricity Sector to Pay Down Debts to Petroleum Ministry over Five Years
The Egyptian Ministry of Electricity is set to pay down the total debts to the Ministry of Petroleum within five years, Minister of Electricity Mohamed Shaker told Al Borsa. The Ministry of Electricity has accumulated...
Electricity Sector Debts to Petroleum Sector Exceed EGP 110B
The Egyptian electricity sector’s debts to the oil and gas sector have risen above EGP 110 billion due to the fuel consumption at electricity generating power plants, petroleum sector sources told Amwal Al Ghad....
El Molla: NOCs to Pay All Debts to IOCs by End of 2019
Egypt’s national oil companies (NOCs) will pay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla announced, Egypt Oil & Gas reports. The minister also said that debts owe...
