ERC to Settle Mostorod Loans by Q1 2025

• Tuesday, 28th November 2023
• by Sarah Samir

The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has announced its intention to complete the repayment of $1.25 billion in initial loans for the Mostorod Refinery Project during the first quart ...

NREA Collects EGP 300 MM Dues from Government

• Monday, 11th November 2019
• by Editorial Team

The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, asserted during the National Renewable Energy Authority's (NREA) meeting that the electricity sector is keen on boosting renewable energy ...

Petroleum Ministry Settles $2.2b to IOCs

• Thursday, 8th June 2017
• by Sarah Samir

The Egyptian Ministry of Petroleum has paid total $2.2b to IOCs in 3 weeks.

Egypt Pays $40m in Dues to Dana Gas

• Thursday, 8th June 2017
• by Sarah Samir

Dana Gas received a $40m payment as part of its outstanding receivables from Egypt.

Egypt Owes EGP 121b to EGPC

• Wednesday, 26th April 2017
• by Dr. Mahinaz El-Baz

The dues owed by governmental agencies to the Egyptian General Petroleum Corporation amounted to EGP 121b at the end of 2015/2016.

Ministry of Petroleum Arrears Down by $2.8b

• Wednesday, 12th April 2017
• by Egypt Oil & Gas

El Molla said that the ministry has successfully reduced its arrears for the IOCs with $2.8b in the last three years.

Egypt to Reschedule Factories’ Petroleum Dues

• Sunday, 19th February 2017
• by Sarah Samir

The Egyptian Natural Gas Holding Company (EGAS) will hold a meeting with factories with late dues in order to reschedule payments.

ERC to Payoff Mostorod Loans in 2018

• Wednesday, 19th October 2016
• by Sarah Samir

The Egyptian Refining Company will begin paying off the first installment of external loans for the company's refining project at Mostorod starting 2018, immediately following the project's launch.

Egypt to Settle Power Plants’ Gas Bill

• Tuesday, 18th October 2016
• by Sarah Samir

Starting January 2017, the Ministry of Electricity plans on settling it's outstanding dues of EGP 60b for gas purchases used in fueling power stations.

Egypt Owes EGP 200b to EGPC

• Monday, 10th October 2016
• by Sarah Samir

The Egyptian General Petroleum Corporation (EGPC) has EGP 200b unpaid dues from government ministries and state-owned institutions for providing them with petroleum products and derivatives.