Egypt to Repay 25-30 pct of Arrears to Oil Firms Soon

Source: Reuters 10/1/2013, Location: Africa

Egypt will repay 25 to 30 percent of its arrears to foreign oil companies in the near future, Petroleum Minister Sherif Ismail said on Tuesday. Egypt owes oil companies $6.2 billion, he said at a news conference.

Egypt has been struggling to meet soaring energy bills caused by the high subsidies it provides on fuel for its 85 million population.


Australia >>  8/15/2022 - • EP447 Joint Venture Partners agree to develop the Walyering Gas Project in the Perth Basin, with first gas sales targeted in Q1 2023.
• Gas ma...

United States >>  8/15/2022 - The U.S. House of Representatives, last Friday, passed the Inflation Reduction Act of 2022, which provides for historic investment on spending and tax...

United Kingdom >>  8/12/2022 - As the race to number 10 accelerates, Offshore Energies UK (OEUK) has written open letters to Rishi Sunak and Liz Truss asking them to help consumers ...
United Kingdom >>  8/12/2022 - Octopus Renewables Infrastructure Trust plc is pleased to announce that it has entered into an agreement to acquire a 51% ownership interest in the Cr...

United States >>  8/12/2022 - Ocean GeoLoop AS, the green tech company developing multifunctional environmental technologies based on nature’s own processes, announced a NOK ~100 m...
Germany >>  8/11/2022 - RWE is actively forging ahead with the implementation of its Growing Green strategy. In the first half of 2022, the Group invested about €2 billion in...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.