debts | Egypt Oil & Gas - Part 2
PM Urges Governmental Institutions to Pay Electricity and Petroleum
Egyptian Prime Minister, Sherif Ismail, urged governmental institutions to pay all late dues to the oil and gas sector and the electricity sector, bearing in mind the financial burdens the two sectors endure in order ...
Ministry of Electricity Settles EGP 21.2b of Debt
The Ministry of Electricity has settled EGP 21.2b of its debts to the Ministry of Petroleum, from a total debt of EGP 60.9b, Daily News Egypt reported. Banque Misr and the National Bank of Egypt granted the Ministry o...
El Molla: IOCs Invested $8.5b in Egypt
The Egyptian Minister of Petroleum, Tarek El Molla discussed Egypt’s dues to international oil companies (IOCs), foreign investments in the country’s energy industry, and regional partnerships in the petro...
Oil Ministry’s Dues Owed to Shell, BG Increase to $1.1b
The total amount of dues that are owed by the Egyptian Ministry of Petroleum to British Gas (BG) and Shell, in return for their shares in the gas produced at El-Borollos and Rasheed fields, have increased to $1.1b, fr...
Egypt Reduces Debts to IOCs to $3.4b
Egypt has reduced the arrears it owes to foreign oil companies by $100m to $3.4b in 2015/2016, compared to the previous year, declared the Petroleum Minister, Tarek El Molla, according to Reuters. The minister also sa...
Gazprom Receives Gas Debts from Belarus
Russia’s energy giant, Gazprom has received full payments for gas supplies to Belarus, confirmed Gazprom Head, Alexey Miller, who also added that the debt issue is nothing but a dispute between two local enterprises, ...
Venezuela Discusses Grace Period with China
Venezuela is currently in negotiations with China to earn a grace period in its oil-for-loans deal that is expected to improve the whole OPEC nation’s capacity to make bond payments amid an economic crisis, reported R... Egypt’s $3.1b Debt to Foreign Partners to Be Paid Off in EGP
Engineer Mohamed Al Masry, Head of the Egyptian General Petroleum Corporation (EGPC), said that Egypt’s financial debts to foreign partners amount to $3.1b, Egypt Oil & Gas reported. He explained that the go...
