Latest in Tag: foreign partners Highlight
Latest in Tag: foreign partners
Foreign partners’ investment in 2019/20 scores $10bn
Dues owned to foreign companies will be fully paid this year, says petroleum minister
Egypt to repay $250m of its dues to foreign partners by March
Ministry of Petroleum repaid $300m last week
Petroleum Ministry to pay more dues to foreign partners before end of FY 2017/2018Â
Egypt’s Ministry of Petroleum and Mineral Resources’ dues to international oil companies were reduced to $2.3bn by the end of last fiscal year (FY) 2016/2017, following the implementation of the state’s economic reform programme. The ministry repaid about $2.2bn to foreign oil companies last June, including exploration costs, reducing the total dues to $2.3bn, the …
Foreign partners’ investments in 2017/2018 at $10bn: Minister of Petroleum
Commitment to pay the dues of partners led to increase their investments in the oil sector: El-Mulla
EGPC sets exchange rate for repayment of foreign partners at EGP 17 per US dollar
Large part of the bill paid in Egyptian pounds, says source
$500m of foreign partners’ dues to be paid by the end of 2015: Official source
Ministry of International cooperation to assist Ministry of Petroleum with a share of the African Development Fund loan
Al-Sisi meets with BG’s CEO
Egypt’s President Abdel Fattah Al-Sisi met with Helge Lund, the Chief Executive Officer of British Gas (BG), to discuss the company’s current activities in Egypt and its plans to increase its investments. The meeting was also attended by Petroleum Minister Sherif Ismail, according to an official statement by the presidency. The BG executive congratulated the …
Government hopes to pay full debts owed to foreign partners over coming 6 months
Debts owed to foreign companies have plagued all governments since 2008
Government fails to abide by payment schedule with foreign partners
The government is the reason behind the continued inability of the petroleum sector to repay dues to foreign partners in return for oil and gas received monthly, said an official at the Ministry of Petroleum The EGPC has not complied with the agreement the ministry entered into with foreign partners for the payment schedule for …
Foreign partners demand government repays dues before increasing investments
Foreign companies operating in the oil sector have linked increasing their investments to their payment from the Egyptian government, in light of the government’s failure to keep to the repayment schedule that was previously agreed upon. According to an official at one of these foreign companies, the Egyptian government has no choice but to pay …
Egypt seeking to provide next payment tranche to foreign petroleum partners
Delays in payments have hindered development, exploration and production in oil fields