{"id":626471,"date":"2018-07-03T04:31:37","date_gmt":"2018-07-03T04:31:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/egypt-plans-to-pay-usd-200-500-mn-in-arrears-to-oil-producers-by-end-september-will-small-players-get-any-of-it\/"},"modified":"2018-07-03T04:31:37","modified_gmt":"2018-07-03T04:31:37","slug":"egypt-plans-to-pay-usd-200-500-mn-in-arrears-to-oil-producers-by-end-september-will-small-players-get-any-of-it","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/egypt-plans-to-pay-usd-200-500-mn-in-arrears-to-oil-producers-by-end-september-will-small-players-get-any-of-it\/","title":{"rendered":"Egypt plans to pay USD 200-500 mn in arrears to oil producers by end-September. Will small players get any of it?"},"content":{"rendered":"

<\/a> Egypt to pay USD 200-500 mn in arrears to oil companies by the end of September:<\/strong> EGPC plans on paying USD 200-500 mn in arrears to oil producers by the end of September, EGPC sources say<\/a><\/u>. EGPC is in talks with the government to arrange the financing, according to the sources. The Finance Ministry had reportedly agreed back in May<\/a><\/u> to issue letters of assurance for two loans to the EGPC worth a combined USD 850 mn to repay IOCs. Sources had also previously said<\/a><\/u> that a USD 200 mn payment would be made to IOCs in June. Egypt\u2019s total arrears had been brought down to USD 2.1 bn as of February<\/a><\/u>.<\/p>\n

Will smaller players get any of it? <\/strong>Our friends in the industry noted that while the state\u2019s backlog of payments to the industry is declining, that\u2019s because large players including the global majors have been paid out at the expense of smaller local and regional fish.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt to pay USD 200-500 mn in arrears to oil companies by the end of September: EGPC plans on paying USD 200-500 mn in arrears to oil producers by the end of September, EGPC sources say. EGPC is in talks with the government to arrange the financing, according to the sources. The Finance Ministry had […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626471","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"563015f5-29e7-4668-a057-5dfa3ceaa571","order":"0","is_powered_by":true,"section_story_id":"b15a1efa-54f7-410b-9941-73bf397102c6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626457],"teaser":"","voice_url":""},"yoast_head":"\nEgypt plans to pay USD 200-500 mn in arrears to oil producers by end-September. Will small players get any of it? - 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\/2018\/07\/03\/egypt-plans-to-pay-usd-200-500-mn-in-arrears-to-oil-producers-by-end-september-will-small-players-get-any-of-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt plans to pay USD 200-500 mn in arrears to oil producers by end-September. Will small players get any of it?\" \/>\n<meta property=\"og:description\" content=\"Egypt to pay USD 200-500 mn in arrears to oil companies by the end of September: EGPC plans on paying USD 200-500 mn in arrears to oil producers by the end of September, EGPC sources say. EGPC is in talks with the government to arrange the financing, according to the sources. 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International Cooperation Minister Sahar Nasr discussed with Asad Alam, the World Bank\u2019s regional director for Egypt, a request for USD 200 mn to support labor intensive projects and another USD 200 mn to support SMEs. 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