{"id":601042,"date":"2019-02-18T04:10:11","date_gmt":"2019-02-18T04:10:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/"},"modified":"2019-02-18T04:10:11","modified_gmt":"2019-02-18T04:10:11","slug":"petroceltic-to-seek-international-arbitration-against-egpc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/","title":{"rendered":"Petroceltic to seek international arbitration against EGPC"},"content":{"rendered":"

<\/a> Petroceltic to seek international arbitration against EGPC:<\/b> UK energy company Petroceltic<\/a> is filing for international arbitration to recover back-due payments it claims it is owed by the state-owned Egyptian General Petroleum Corporation (EGPC), Petroceltic said in a statement on its website<\/a>. \u201cWe do not threaten international arbitration lightly, but equally we are at the end of our patience with EGPC: the current situation is totally unacceptable,\u201d Chairman Angelo Moskov said in the statement.<\/p>\n

Oil Ministry calls for talks:<\/b> The ministry said that Petroceltic wanted to give up its concessions and that it has paid the company USD 6 mn in December but the company didn\u2019t meet its obligations in securing the funding needed for operations until the concession are withdrawn,the ministry said in a statement (pdf)<\/a>. The ministry called for talks to settle this dispute in an amicable manner.<\/p>\n","protected":false},"excerpt":{"rendered":"

Petroceltic to seek international arbitration against EGPC: UK energy company Petroceltic is filing for international arbitration to recover back-due payments it claims it is owed by the state-owned Egyptian General Petroleum Corporation (EGPC), Petroceltic said in a statement on its website. \u201cWe do not threaten international arbitration lightly, but equally we are at the end […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[557,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601042","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egyptian-general-petroleum-corporation","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cc232995-439c-4cad-9c18-e84b9166cad3","is_powered_by":true,"section_story_id":"99a32410-7f8c-44b8-b27d-6e3f9978eb05","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601036],"teaser":"","voice_url":""},"yoast_head":"\nPetroceltic to seek international arbitration against EGPC - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petroceltic to seek international arbitration against EGPC\" \/>\n<meta property=\"og:description\" content=\"Petroceltic to seek international arbitration against EGPC: UK energy company Petroceltic is filing for international arbitration to recover back-due payments it claims it is owed by the state-owned Egyptian General Petroleum Corporation (EGPC), Petroceltic said in a statement on its website. \u201cWe do not threaten international arbitration lightly, but equally we are at the end […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-18T04:10:11+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Petroceltic to seek international arbitration against EGPC\",\"datePublished\":\"2019-02-18T04:10:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/\"},\"wordCount\":147,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egyptian General Petroleum Corporation\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/\",\"name\":\"Petroceltic to seek international arbitration against EGPC - 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Petroceltic said last month that is was planning\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601145,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/","url_meta":{"origin":601042,"position":1},"title":"Petroceltic says EGPC owes it USD 30 mn in overdue payments","author":"enterpriseam admin","date":"20 February 2019","format":false,"excerpt":"DISPUTE WATCH- Petroceltic claims EGPC owes it USD 30 mn: UK energy company Petroceltic is filing for international arbitration to recover USD 30 mn in overdue payments it claims it is owed by the state-owned Egyptian General Petroleum Corporation (EGPC), Chairman Angelo Moskov told the domestic press. The overdue payments\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597255,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/21\/egypts-oil-ministry-taps-mohamed-radwan-as-egpc-co-head\/","url_meta":{"origin":601042,"position":2},"title":"Egypt\u2019s Oil Ministry taps Mohamed Radwan as EGPC co-head","author":"enterpriseam admin","date":"21 July 2019","format":false,"excerpt":"MOVES- Oil Minister Tarek El Molla has tapped Mohamed Radwan (LinkedIn) as co-head of the Egyptian General Petroleum Corporation (EGPC), according to Al Masry Al Youm. 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Al Batal, who was previously the chairman of Ganoub El Wadi Petroleum Holding Company (Ganope), replaces Abed Ezz El Regal, who is retiring.","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572114,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/egyptair-gets-a-breather-on-jet-fuel-arrears-to-egpc\/","url_meta":{"origin":601042,"position":4},"title":"EgyptAir gets a breather on jet fuel arrears to EGPC","author":"enterpriseam admin","date":"11 June 2020","format":false,"excerpt":"CABINET WATCH- EgyptAir gets a breather on arrears to EGPC: The Madbouly Cabinet agreed yesterday to waive 50% of the late fees on monthly jet fuel payments that national flag carrier EgyptAir owes the Egyptian General Petroleum Company (EGPC), according to a Cabinet statement. 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