IOCs | Egypt Oil & Gas - Part 6
Egypt Agrees on a $750M Seismic Survey
GANOPE agreed with five International Oil Companies (IOC's) six months ago to conduct a $750m seismic survey in the Red Sea
IOCs to Develop Iran’s Azadegan Oil Field
IOCs have presented technical surveys for the development of the Azadegan oil field.
Petroleum Ministry Settles $2.2b to IOCs
The Egyptian Ministry of Petroleum has paid total $2.2b to IOCs in 3 weeks.
Egypt Pays $750m to IOCs
Egypt paid total $1.5b in arrears to international oil companies (IOCs) in May and June.
SDX Announced Successful SD-1X Well Test at South Disouq
SDX Energy announced the results of the well test conducted on the SD-1X well following the recent natural gas discovery at South Disouq.
Egyptian Arrears to IOCs Decreased
Egyptian arrears to IOCs decreased from $3.6b to $3.4b by end of April 2017.
Egyptian Oil & Gas Taxes Estimated at EGP 44.17b
Egyptian oil and gas taxes were estimated to reach EGP 44.17b in the new budget of fiscal year 2017/2018.
Tax Authority to Discuss VAT on IOCs
The Egyptian Tax Authority is in talks over applying VAT on IOCs in Egypt. 
