IOC | Egypt Oil & Gas - Part 2
El Molla in Talks with Foreign IOCs Delegations
Egyptian Minister of Petroleum, Tarek El Molla, met with delegations from several international oil companies, including US-based Halliburton, French Total and the French Institute of Petroleum, to discuss expanding t... Egypt Paid EGP 1b to Eni
The Egyptian Ministry of Petroleum and Mineral Resources has paid EGP 1b to Italian Eni, as part of the outstanding dues for for the company’s equity production. An official with Eni stated that the company rece...
Oil Firms Refused Extended Payment Terms
International Oil Companies (IOC) that were contracted through tenders to import petroleum derivatives to Egypt refused to extend payment period to 6 months instead of two, reported Al Mal News. Some of the companies ... El Molla: No Truth to IOCs Decreasing Exploration
Tarek El-Molla, Minister of Petroleum and Mineral Resources, said that the rumors about international oil companies (IOCs) halting exploration expenditures because of indebtedness and low oil prices is completely untr...
Egypt to Renegotiate Contracts with IOCs
Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry aims to renegotiate the current contracts with IOCs, in order to achieve economic balance between the foreign investor and state comp...
Egypt Debt to IOCs Stands at $3b
During a press conference, Tarek El Molla, Minister of Petroleum and Mineral Resources, said that currently the debt owed to foreign oil companies stands at $3b, reported Egypt Oil & Gas. Originally $6.5b, the dec... Oil Ministry in Negotiations with IOCs for LNG
A source at EGPC revealed to Egypt Oil & Gas that the Ministry of Petroleum is in negotiations with a number of foreign oil companies to buy their share of liquefied natural gas (LNG) to meet the growing needs of ... 
