payments | Egypt Oil & Gas

Egypt Pays $10 M to Dana Gas

Dana Gas received $10 million from the Egyptian government, as well as $9 million from the sales of El Wasatani field's condensates.

Dana Gas to Spend $50 M in Egypt during 2018

Dana Gas Company has announced that it intends to spend around $50 million in Egypt over the course of 2018.

Dana Gas: Production in Egypt Rose in 1H

Dana Gas announced that its production of gas in Egypt rose by 13%.

Dana Gas to Resume Drilling in Egypt

Dana Gas would resume limited drilling in Egypt after receiving $70m in back-payments from the Egyptian Government.

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).

EGPC to Expand Oil, Diesel Import

The Egyptian General Petroleum Corporation (EGPC) is currently in negotiations with foreign importers to provide oil and diesel to create massive strategic reserves to cover market demands.

Egypt’s EGAS Makes First Payments to LNG Suppliers in 2016

Egyptian Natural Gas Holding Company (EGAS) has made its first payments to suppliers of liquefied natural gas (LNG) since the payment terms for deliveries were extended in December.

Aminex Shifts from PSAs to Royalty Payments in Egypt

Oil and gas company Aminex PLC announced that it has converted its stake in the West Esh El-Mallahah-2 production sharing contract in Egypt into a royalty.

UAE Based Dana Gas Promised Full Repayment by Egyptian Government by 2016

Dana Gas, an energy firm based in the United Arab Emirates, could recover all of its outstanding arrears from the Egyptian government by next year, its Group Chief Executive Patrick Allman-Ward said.

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