Egypt Aims to Reschedule Debt Payment to IOCs in 2017

• Monday, 20th February 2017
• by Dr. Mahinaz El-Baz

An official source in the Egyptian oil sector stated to Egypt Oil&Gas that PM Sherif Ismail’s cabinet wants to reschedule the debts to foreign oil companies operating in Egypt during 2017 in order to be able...

Iran to Start Global Tenders

• Tuesday, 18th October 2016
• by Egypt Oil & Gas

Iran’s Deputy Oil Minister, Ali Kardor, announced that Iran will invite foreign companies to bid for oil and gas projects in the country’s first round of tenders since sanctions were lifted in January, rep...

Egypt Reduces Debts to IOCs to $3.4b

• Tuesday, 5th July 2016
• by Egypt Oil & Gas

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, according to Reuters. The minister also sa...

Uganda Pipeline Project May Detour to Tanzania

• Thursday, 17th September 2015
• by Egypt Oil & Gas

Uganda’s long-awaited pipeline through Kenya has hit another snag after Uganda’s government announced that it is still considering a pipeline through Tanzania to export oil if it proved cheaper than altern...

Iran to Sell its Flared Associated Gas to French Company

• Wednesday, 19th August 2015
• by Egypt Oil & Gas

Iran’s Minister of Petroleum Bijan Zangeneh announced on Iranian TV that an unnamed French company wanted to buy associated gas from the offshore Forouzan platform, to be converted into LNG afterwards, reported ...