Shell Cut Burullus, Rasheed Investments

• Sunday, 9th October 2016
• by Sarah Samir

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.

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) as the ministry needs to pay for fuel provided to power plant.

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.

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.

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 phas ...