IOCs | Egypt Oil & Gas - Part 7
Egypt to Repay $3.5b to IOCs
The Egyptian General Petroleum Corporation (EGPC) set payment exchange rate at EGP 17 for each $1.
EGPC Hedged USD on Weekly Basis
International oil companies (IOC) operating in Egypt pay contractors at an exchange rate that is set weekly by the Egyptian General Petroleum Corporation (EGPC). Egypt Reduced Oil, Gas Arrears to $3.5b
Egypt's arrears to international oil companies (IOC) decreased from $3.6b in September to reach $3.5b by the end of December 2016. Egypt Paid $100m to Oil Firms
The Egyptian Ministry of Petroleum and Mineral Resources paid around $100m payment to IOCs in outstanding dues for buying their share of production of crude oil and natural gas produced from their concessions in Egypt,
Egypt Owes $3.6b in Oil, Gas Arrears
Egypt owes $3.6b in backdated arrears to international oil companies (IOC), as the country plans to drill 12 new wells during 2017. El Molla: Egypt Signed 70 New Oil&Gas Agreements
Egypt has signed 70 new oil and gas exploration agreements.
IOCs to Expedite E&P in Egypt
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that international oil companies (IOCs) have agreed to speed up development of new discoveries. El Molla Met with IOCs
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with heads of International Oil Companies (IOCs) to discuss possible investments in Egypt
