IOCs | Egypt Oil & Gas - Part 5
Oil, Gas Investments to Reach $10B in 2018/19
The Egyptian oil and gas sector is set to receive $10 billion investments in the fields of exploration and production (E&P) and development during fiscal year (FY) 2018/19, said Minister of Petroleum Tarek El Moll...
Petroleum Ministry to Settle IOC Arrears by 2019 End
The Egyptian Ministry of Petroleum plans to settle total arrears for international oil companies (IOCs), which have reached $1.2 billion, by the end of 2019, official sources at the ministry told Amwal Al Ghad. The Eg... Egypt Spends Over $1.5B on Petroleum Products
Egypt spends over $1.5 billion monthly to secure local demand for petroleum products, said Minister of Petroleum Tarek El Molla, according to Reuters. The $1.5 billion are spent on importing petroleum products and on ...
Egypt Close to Settling Foreign Petroleum Debts
Egypt is edging closer to repaying its debts to foreign petroleum companies after paying $1.2 billion to International Oil Companies (IOCs) operating in Egypt with plans to repay the remaining $1.2 billion owed before...
Egypt to Repay $850M to IOCs
Egypt will repay $850 million in arrears to international oil companies (IOCs) operating in Egypt, said Tarek Amer, governor of the Central Bank of Egypt, according to CNBC Arabia. Amer did not mention the total debts... Egypt to Pay $200M in Arrears to IOCs
The Ministry of Petroleum and Mineral Resources will repay debts of $200 million to several international oil companies (IOCs) in June 2018, sources at the ministry told Al Borsa. The government is attempting to repay... Egypt to Pay $250 M Arrears to IOCs in March
The Egyptian government plans to repay $250 million in arrears to international oil companies (IOCs) in March 2018, according to Amwal Al Ghad. The Ministry of Petroleum and Mineral Resources has paid $300 million, an...
El Molla: Egypt Planning to Make Arrears Payment
Egypt will make another payment toward its arrears to international oil companies (IOCs) before the end of 2017, the Minister of Petroleum and Mineral Resources, Tarek El Molla, said, according to Reuters. The stateme... 
