Egypt commits to monthly payments to foreign oil partners

Egypt is committed to maintaining a monthly payment to foreign oil partners to uphold production rates and continue exploration.

Updated 8/28/2024 2:34:00 AM

Egypt pays off 20-25% of arrears to foreign oil companies

The Egyptian government has paid off a new tranche of dues owed to foreign oil and gas companies operating in the country, accounting for around 20% to 25% of arrears, at the end of June.

Updated 7/2/2024 8:33:00 AM

Egypt initiates process to settle arrears to IOCs

Egypt has embarked on the process of settling outstanding payments owed to foreign companies engaged in petroleum projects.

Updated 3/27/2024 5:44:00 AM