Egypt pays off $1.2B in arrears to foreign oil firms ahead of schedule

The Egyptian government has paid off $1.2 billion of the $3.2 billion owed to foreign oil companies last week, instead of the scheduled payment in October.

Updated 9/23/2024 8:31:00 AM

Egypt to pay off $3.2B in arrears to foreign oil companies in FY2024/25

The Egyptian government will pay off dues owed to foreign oil companies totaling $3.2 billion in three installments before the end of the current fiscal year (FY) 2024/2025.

Updated 7/16/2024 10:27:00 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