debts | Egypt Oil & Gas - Part 2

PM Urges Governmental Institutions to Pay Electricity and Petroleum

Egyptian Prime Minister, Sherif Ismail, urged governmental institutions to be all late dues to the oil and gas sector and the electricity sectorز

Ministry of Electricity Settles EGP 21.2b of Debt

The Ministry of Electricity has paid EGP 21.2bn of its debts to the Ministry of Petroleum, from a total debt of EGP 60.9bn.

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 petroleum sector ...

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, f ...

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.

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

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, which the government will continue paying off.

Nigeria Threatens to Cut Ghana Gas Supply Due to Debts

A Ghanaian government delegation is holding emergency talks in Nigeria to avert a drastic gas supply cut that has been threatened.

Iraq Investment Rating Daunts International Bond Plans

A source informed Bloomberg that the Iraqi government has mandated Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. to organize meetings to help launch the country’s planned $6b international bond program, ...

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