Egypt Owes EGP 200b to EGPC

• Monday, 10th October 2016
• by Sarah Samir

As Source from the Egyptian General Petroleum Corporation (EGPC) stated that the company has EGP 200b unpaid dues from government ministries and state-owned institutions for providing them with petroleum products and ...

Shell Cut Burullus, Rasheed Investments

• Sunday, 9th October 2016
• by Sarah Samir

A source from the petroleum sector stated that Royal Dutch Shell reduced its investments in Burullus and Rasheed gas fields to $158.9m for maintenance and operating expenses over the current fiscal year, reported Dail...

Electricity Ministry Borrows EGP 5b to Pay EGPC

• Wednesday, 17th August 2016
• by Sarah Samir

The Egyptian Ministry of Electricity agreed to obtain a loan worth EGP 5b to pay its dues to the Egyptian General Petroleum Corporation (EGPC) for fuel provided to power plants, reported Al Borsa News. A source from E...

Egypt Pays Off Dues for Imported Oil, Gas

• Sunday, 14th August 2016
• by Sarah Samir

The Egyptian Ministry of Petroleum and Mineral Resources announced that Egypt had paid all its due bills for the purchase of imported crude oil and natural gas from foreign companies for the fiscal year 2015-2016. The...

Electricity Ministry Records EGP 88b in Consumers’ Unpaid Bills

• Wednesday, 8th June 2016
• by Egypt Oil & Gas

Egypt’s Ministry of Electricity declared that the unpaid dues from the household, commercial, and governmental entities, had increased to EGP 88b at the end of May, Daily News Egypt reported. The total late dues from ...

Egypt to Settle $400m Dues to Shell, BG

• Wednesday, 18th May 2016
• by Egypt Oil & Gas

Shell and British Gas (BG) have reached an agreement with the Egyptian Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase...