IOCs | Egypt Oil & Gas - Part 6
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. Egypt to Repay Half IOCs Arrears
Egypt will repay half of its dues to international oil company during 2017.
EGAS to Borrow EGP 2b for Arrears Settlements
The Egyptian Natural Gas Holding Company (EGAS) addressed banks to borrow EGP 2b Egypt to Repay $3.5b to IOCs
The Egyptian General Petroleum Corporation (EGPC) set payment exchange rate at EGP 17 for each $1. 
