Egypt Debt to IOCs Stands at $3b

• Sunday, 25th October 2015
• by Egypt Oil & Gas

During a press conference, Tarek El Molla, Minister of Petroleum and Mineral Resources, said that currently the debt owed to foreign oil companies stands at $3b, reported Egypt Oil & Gas.

Elevated Dollar Value May Impede Egypt’s Ability to Pay IOCs

• Tuesday, 13th October 2015
• by Egypt Oil & Gas

A state official told Egypt Oil & Gas that higher dollar exchange rates in the local market are threatening the ability of the Egyptian government to repay debt installments to international oil companies (IOCs), esp ...

Egypt’s Petroleum Minister: Foreign Partner’s Monthly Oil, Gas Shares Declined by 26%

• Sunday, 20th September 2015
• by Egypt Oil & Gas

New Minister of Petroleum and Mineral Resources Tarek El Molla said that the value of foreign partners’ share of oil and gas declined by 26% from $880m in FY 2014/2015 to reach $650m per month during current FY 2015/ ...

IOCs Must Pay Iran Debts Once Sanctions are Removed, Official

• Thursday, 23rd April 2015
• by Egypt Oil & Gas

International oil companies’ pending debts to Iran stand around $18 billion, with British, Korean, Indian and Greek processors owing much of the sum, an official says.