IOCs

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

Iraq Issued Oil Field Tender

The Iraqi oil ministry launched a new tender to develop 12 small to medium-sized oil fields.

Egypt Owes $3.6b in Oil Arrears

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt's debt towards international oil and gas companies (IOC) increased from $3.2b to $3.58b as of the end of September.

El Molla: Egypt’s Oil Sector Is Implementing New Strategy

Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the oil sector in the country is currently implementing a new strategy, which will offer new bid rounds, conclude agreements with IOCs, a ...

Egypt Postpones Bid Round Due to Oil Prices

The Egyptian General Petroleum Corporation (EGPC) decided to postpone planned bid round until prices of Brent oil stabilize in international markets. The bid round was intended to be launched early 2016, offering 10 ...

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