dues | Egypt Oil & Gas
ERC to Settle Mostorod Loans by Q1 2025
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 quarter o...
NREA Collects EGP 300 MM Dues from Government
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, asserted during the National Renewable Energy Authority (NREA)’s meeting that the electricity sector is keen on boosting renewable energy by i...
Petroleum Ministry Settles $2.2b to IOCs
A press release to Egypt Oil&Gas stated that the Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that the Egyptian oil and gas sector has paid total $2.2b to international oil companies (IOC...
Egypt Pays $40m in Dues to Dana Gas
Dana Gas announced that it received a $40m payment as part of its outstanding receivables from Egypt. The country has paid a total of $135m in dues to Dana Gas during 2017. The current receivables balance in Egypt sta...
Egypt Owes EGP 121b to EGPC
Parliamentary sources said that the dues owed by governmental agencies to the Egyptian General Petroleum Corporation (EGPC) amounted to EGP 121b at the end of the past fiscal year 2015/2016, according to Daily News Eg... Ministry of Petroleum Arrears Down by $2.8b
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the ministry has successfully reduced its arrears for the IOCs by $2.8b in the last three years, as dues reached around $6.3b by the...
Egypt to Reschedule Factories’ Petroleum Dues
A source from the Egyptian Natural Gas Holding Company (EGAS) stated to Egypt Oil&Gas that EGAS will hold a meeting with factories that have late dues in order to reschedule payments to get monthly gas, mazut, and...
ERC to Payoff Mostorod Loans in 2018
The Egyptian Refining Company’s (ERC) Managing Director, Mohamed Saad, stated that the ERC will begin paying off the first installment of external loans for the company’s refining project at Mostorod starting 20...
