Hamdi Abdel Aziz: No Truth to Threats From Oil Companies
Wednesday, 27th January 2016
In an official press release from the Ministry of Petroleum, Hamdi Abdel Aziz, the Ministry of Petroleum’s official spokesman denied what was published in a newspaper about threats made by four oil companies to withdraw their investments if the government delayed the payment of dues owed to foreign partners before the end of March.
EGPC Owed EGP195 Billion; mainly by Ministries of Finance, Electricity, and Transport for Oil and Fuel Delivered.
Monday, 9th March 2015
The dues owed to EGPC from government agencies rose to EGP195 billion by the end of the month of January, compared to 170 billion at the end of October 2014.
Electricity Sector’s Debts Repayment to Petroleum Ministry Scheduled
Tuesday, 6th January 2015
Egypt's Petroleum and Electricity Ministries have reached an agreement to reschedule debts owed to the Ministry of Petroleum by the electricity sector in the upcoming months. The debts have reached EGP 44 billion.
CHANGE; BUT FOR BETTER? What Egypt’s Shift in Energy Policy Means for the Future
Tuesday, 3rd February 2015
A famous Japanese proverb states, “The bamboo that bends is stronger than the oak that resists.” If there is any entity that has taken this advice to heart, surely it is the Egyptian energy sector.