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Tag: Iran

Dana Gas to restructure debt bond due in October

Posted: May 4, 2017 at 2:19 pm   /   Oil & Gas

• Energy company asks creditors to discuss $700 million of debt. • Dana Gas cites difficulty collecting payments in Egypt, Iraq. Dana Gas PJSC will ask bondholders to accept changed terms on $700 million of debt coming due in October as the energy producer based in the United Arab Emirates seeks to restructure debt for […]

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Egypt, Iran deny El Molla's Tehran visit

Posted: November 8, 2016 at 1:20 pm   /   Oil & Gas

The Oil Ministry issued a statement reiterating its denial that Minister Tarek El Molla was on a visit to Iran, according to Al Shorouk. There was confusion during the day after Iran’s “semi-official” Mehr news agency said El Molla was on his way to Tehran for a meeting with his Iranian counterpart, news that was […]

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Egyptian officials: Saudi oil shipments to Egypt halted indefinitely

Posted: November 8, 2016 at 1:15 pm   /   Oil & Gas

Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal have been halted indefinitely, suggesting a deepening rift between the Arab world’s richest country and its most populous. During a visit by Saudi King Salman in April, Saudi Arabia agreed to provide Egypt with 700,000 tonnes of refined […]

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Saudi Aramco halts Egypt’s oil supplies until further notice

Posted: November 8, 2016 at 1:11 pm   /   Oil & Gas

• Egypt resorting to tenders to meet domestic demand after halt. • Aramco oil-products supply deal to Egypt valued at $23 billion. Saudi Arabian Oil Co. halted shipments of oil products to Egypt indefinitely, Egyptian Oil Minister Tarek El-Molla said, forcing the Arab world’s most populous nation to buy fuels on world markets at higher […]

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El Molla reportedly visits Iran for oil talks, Ministry Spokesman denies

Posted: November 7, 2016 at 1:21 pm   /   Oil & Gas

Did El Molla really go to Iran to secure fuel? Petroleum Minister Tarek El Molla was reportedly on his way to Iran on Sunday to meet with senior officials and try to secure a new oil agreement, according to Reuters, which cites sources “close to his delegation” and another individual who allegedly accompanied the minister […]

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Egypt SUMED Pipeline Yet to Accept Iran Oil After Sanctions

Posted: March 8, 2016 at 8:14 pm   /   Oil & Gas

Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Mediterranean Sea region, more than a month after international sanctions against Iran were lifted. Arab Petroleum Pipelines Co., which operates the link known as SUMED, […]

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