{"id":648653,"date":"2017-04-09T04:01:23","date_gmt":"2017-04-09T04:01:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/"},"modified":"2017-04-09T04:01:23","modified_gmt":"2017-04-09T04:01:23","slug":"government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/","title":{"rendered":"Government to pay USD 500 mn of overdue arrears to IOCs next month -state officials"},"content":{"rendered":"

The government plans on repaying USD 500 mn of the USD 3.5 bn it owes IOCs next <\/strong>month<\/strong>, top Petroleum Ministry officials tell Al Borsa<\/a>. The figure differs from what Petroleum Minister Tarek El Molla had announced late last month<\/a>, when he promised that Egypt would be cutting its overdue arrears by half \u201cwithin weeks,\u201d using funds from the second tranches of its loans from the World Bank and African Development Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government plans on repaying USD 500 mn of the USD 3.5 bn it owes IOCs next month, top Petroleum Ministry officials tell Al Borsa. The figure differs from what Petroleum Minister Tarek El Molla had announced late last month, when he promised that Egypt would be cutting its overdue arrears by half \u201cwithin weeks,\u201d […]<\/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-648653","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"80d2ad84-c582-4e0f-b4d8-7c798e6f51da","order":"0","is_powered_by":true,"section_story_id":"c46d8561-a027-4f8b-98b9-bf5be6aa2f26","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648638],"teaser":"","voice_url":""},"yoast_head":"\nGovernment to pay USD 500 mn of overdue arrears to IOCs next month -state officials - 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\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government to pay USD 500 mn of overdue arrears to IOCs next month -state officials\" \/>\n<meta property=\"og:description\" content=\"The government plans on repaying USD 500 mn of the USD 3.5 bn it owes IOCs next month, top Petroleum Ministry officials tell Al Borsa. The figure differs from what Petroleum Minister Tarek El Molla had announced late last month, when he promised that Egypt would be cutting its overdue arrears by half \u201cwithin weeks,\u201d […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-09T04:01:23+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\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Government to pay USD 500 mn of overdue arrears to IOCs next month -state officials\",\"datePublished\":\"2017-04-09T04:01:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/government-to-pay-usd-500-mn-of-overdue-arrears-to-iocs-next-month-state-officials\/\",\"name\":\"Government to pay USD 500 mn of overdue arrears to IOCs next month -state officials - 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That follows separate payments topping USD 750 mn made to IOCs last month.","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":648225,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/central-bank-to-pay-usd-750-mn-to-iocs-within-days-will-make-paris-club-payment-at-the-beginning-of-july\/","url_meta":{"origin":648653,"position":2},"title":"Central bank to pay USD 750 mn to IOCs \u201cwithin days,\u201d will make Paris Club payment at the beginning of July","author":"enterpriseam admin","date":"31 May 2017","format":false,"excerpt":"Central bank to pay USD 750 mn to IOCs \u201cwithin days,\u201d will make Paris Club payment at the beginning of July: The Central Bank of Egypt will have settled debts worth USD 1.45 bn come July, unnamed bank officials tell Youm7. This includes some USD 750 mn in arrears owed\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":652495,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/11\/word-bank-aid-will-be-used-in-part-to-pay-off-arrears-to-iocs\/","url_meta":{"origin":648653,"position":3},"title":"Word Bank aid will be used in part to pay off arrears to IOCs","author":"enterpriseam admin","date":"11 January 2017","format":false,"excerpt":"The government will pay arrears to international oil companies in part through the second tranche of the USD 3 bn World Bank development loan, an Oil Ministry official tells Al Shorouk. Arrears owed currently stand at USD 3.5 bn as December, Oil Minister Tarek El Molla had previously stated. This\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":632858,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/egypt-to-make-next-arrears-payment-in-march\/","url_meta":{"origin":648653,"position":4},"title":"Egypt to make next arrears payment in March","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"Egypt to pay IOCs USD 250 mn next month after USD 300 mn payment last week: Also on the energy front, Egypt paid international oil companies USD 300 mn in arrears just last week, EGPC CEO Abed Ezz El Regal told Al Borsa on Tuesday. This would bring Egypt\u2019s total\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":653072,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/29\/nasr-discusses-borrowing-usd-400-mn-from-world-bank\/","url_meta":{"origin":648653,"position":5},"title":"Nasr discusses borrowing USD 400 mn from World Bank","author":"enterpriseam admin","date":"29 January 2017","format":false,"excerpt":"Egypt asks World Bank for USD 400 mn in funding? 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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