{"id":652256,"date":"2017-01-04T04:06:39","date_gmt":"2017-01-04T04:06:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/"},"modified":"2017-01-04T04:06:39","modified_gmt":"2017-01-04T04:06:39","slug":"ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/","title":{"rendered":"IOC receivables down to EGP 3.5 bn by 2016\u2019s end -El Molla"},"content":{"rendered":"

Receivables due from EGPC to IOCs have dropped to USD 3.5 bn in 2016\u2019s end, down from USD 3.6 bn at the end of September, Oil Minister Tarek El Molla said. The government bought USD 5.4 bn worth of crude and natural gas from IOCs last year and paid USD 5.5 bn, El Molla clarified, according to Al Shorouk<\/a>. He said the Ministry is gearing up to make another round of payments to IOCs in order to encourage them to increase investments in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Receivables due from EGPC to IOCs have dropped to USD 3.5 bn in 2016\u2019s end, down from USD 3.6 bn at the end of September, Oil Minister Tarek El Molla said. The government bought USD 5.4 bn worth of crude and natural gas from IOCs last year and paid USD 5.5 bn, El Molla clarified, […]<\/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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652256","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"23612df7-c031-46d2-aa8f-ca1721bb86cd","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652233],"teaser":"","voice_url":""},"yoast_head":"\nIOC receivables down to EGP 3.5 bn by 2016\u2019s end -El Molla - 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\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IOC receivables down to EGP 3.5 bn by 2016\u2019s end -El Molla\" \/>\n<meta property=\"og:description\" content=\"Receivables due from EGPC to IOCs have dropped to USD 3.5 bn in 2016\u2019s end, down from USD 3.6 bn at the end of September, Oil Minister Tarek El Molla said. The government bought USD 5.4 bn worth of crude and natural gas from IOCs last year and paid USD 5.5 bn, El Molla clarified, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-04T04:06:39+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\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IOC receivables down to EGP 3.5 bn by 2016\u2019s end -El Molla\",\"datePublished\":\"2017-01-04T04:06:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/\"},\"wordCount\":91,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/ioc-receivables-down-to-egp-3-5-bn-by-2016s-end-el-molla\/\",\"name\":\"IOC receivables down to EGP 3.5 bn by 2016\u2019s end -El Molla - 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El Molla had said in June that arrears to IOCs were reduced to USD 2.3 bn, a sign of confidence for investors.\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650714,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/egypt-to-cut-ioc-receivables-in-half-within-weeks-el-molla\/","url_meta":{"origin":652256,"position":2},"title":"Egypt to cut IOC receivables in half within weeks -El Molla","author":"enterpriseam admin","date":"30 March 2017","format":false,"excerpt":"Egypt will repay half of everything it owes international oil companies \u201cwithin weeks,\u201d Oil Minister Tarek El Molla said, according to Reuters. Egypt\u2019s overdue arrears to IOCs are estimated to be USD 3.5 bn. A source told Al Shorouk the payments will be made using the African Development Bank\u2019s and\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":641245,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/iocs-raise-investments-in-egypt-to-usd-10-bn-this-year-el-molla\/","url_meta":{"origin":652256,"position":3},"title":"IOCs raise investments in Egypt to USD 10 bn this year - El Molla","author":"enterpriseam admin","date":"17 September 2017","format":false,"excerpt":"International oil companies have raised their investments in Egypt to USD 10 bn this year on the back of payments the government have been making to arrears it owes them, Oil Minister Tarek El Molla tells Al Borsa on Saturday. 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