{"id":601145,"date":"2019-02-20T03:45:19","date_gmt":"2019-02-20T03:45:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/"},"modified":"2019-02-20T03:45:19","modified_gmt":"2019-02-20T03:45:19","slug":"petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/","title":{"rendered":"Petroceltic says EGPC owes it USD 30 mn in overdue payments"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>DISPUTE WATCH- Petroceltic claims EGPC owes it USD 30 mn: <\/b>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 <a href=\"https:\/\/alborsaanews.com\/2019\/02\/19\/1179240\">told the domestic press<\/a>. The overdue payments date as far back as 2015. \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 <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/\">Moskov said in a statement earlier this month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 date as far back as [&hellip;]<\/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":[557,93,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601145","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egyptian-general-petroleum-corporation","tag-energy","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1cba996a-d8fa-424d-bf35-3af54a18fc5e","is_powered_by":true,"section_story_id":"7ab40328-d4f5-4c8a-b082-4b50f54bd1e1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601137],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Petroceltic says EGPC owes it USD 30 mn in overdue payments - 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\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petroceltic says EGPC owes it USD 30 mn in overdue payments\" \/>\n<meta property=\"og:description\" content=\"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 date as far back as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-20T03:45:19+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Petroceltic says EGPC owes it USD 30 mn in overdue payments\",\"datePublished\":\"2019-02-20T03:45:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egyptian General Petroleum Corporation\",\"energy\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/petroceltic-says-egpc-owes-it-usd-30-mn-in-overdue-payments\/\",\"name\":\"Petroceltic says EGPC owes it USD 30 mn in overdue payments - 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The state-owned energy company signed contracts with the two banks at the end\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573893,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/cabinet-okays-settlements-with-petroceltic-italgen\/","url_meta":{"origin":601145,"position":4},"title":"Cabinet okays settlements with Petroceltic, Italgen","author":"enterpriseam admin","date":"23 August 2020","format":false,"excerpt":"The Madbouly government has approved agreements to resolve disputes with Italgen and Petroceltic. The first covers a dispute between EGPC and Petroceltic International, which sought international arbitration to recover over USD 30 mn in overdue payments it claims it is owed by EGPC. 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