IOCs | Egypt Oil & Gas - Part 7
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.
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. 
