Egypt Owes $1.3b to Royal Dutch Shell
Monday, 3rd October 2016
The Egyptian Ministry of Petroleum currently owes Royal Dutch Shell $1.3b, up from $1.1b in July. These amounts are owed against the ministry's purchases of Shell's production from Rasheed Concession and British Gas (BG)'s Burullus concession.
Egypt to Settle $400m Dues to Shell, BG
Wednesday, 18th May 2016
Shell and British Gas (BG) have reached an agreement with the Egyptian Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the project in the Mediterranean.
BG in Negotiations with Egypt over Burullus Fields
Tuesday, 5th April 2016
British Gas (BG), a subsidiary of Shell, informed that work on the 9B Phase in the Burullus fields in the Mediterranean Sea would be resumed if the Egyptian General Petroleum Corporation (EGPC) allowed BG to export 100-150mcf/d of natural gas, approved gas price adjustments, and scheduled the payment of its dues, Al Borsa reported.