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…
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…
EGPC guarantees loan with naphtha, crude oil revenues from Ras Gharib
Total dues owed to foreign partners in the petroleum sector currently stand at $5.9bn, according to the head of the EGPC.
Dues to foreign companies increase by $300m
Dues to foreign companies operating in the oil sector have increased by $300m, while the government's inability to pay such an amount – even as it repays small portions of…
Petroleum agreements stipulate interest on the government’s dues to its partners
All petroleum agreements stipulate an interest on dues owed by the government to its partners in the case of late payment, and the interest rates vary with each agreement, the…
Government reduces gas to plants to solve power crisis
590m cubic feet of gas reduction for fertiliser and cement
Former presidential spokesman referred to criminal court
Ali stands accused of harbouring a fugitive and joining a terrorist organisation
Court hands 5 preliminary death sentences
The defendants are charged with murdering a police officer
Tourism companies demand widening Sharm El-Sheikh-Cairo road: ETAA Transport Committee chairman
The Egyptian Travel Agents Association requests that Sharm El-Sheikh—Cairo road be expanded in order to prevent traffic accident rates from rising further and protect lives
Shoukry to visit Ethiopia ahead of tripartite talks
The last tripartite talks were held in January but no agreement was reached
