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Tag: Petroleum Ministry

Egypt replaces heads of EGPC and EGAS

Posted: April 10, 2016 at 12:42 pm   /   Oil & Gas

Egyptian Oil Minister Tarek al-Molla replaced the heads of state oil company EGPC and state gas company EGAS on Thursday, part of a slew of new appointments in the Egyptian energy sector. Mohamed al-Masry will replace Khaled Abdel Badie as head of EGAS, while Tarek al-Hadidi will take over from Masry as head of EGPC. […]

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Egypt arrears owed to oil firms rises to $3 billion at end-2015

Posted: January 4, 2016 at 4:48 pm   /   Oil & Gas

Egypt’s outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla told Reuters. The ministry had said in September that Egypt aimed to reduce the arrears owed to foreign oil companies to $2.5 billion by the […]

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