{"id":660732,"date":"2025-02-17T00:00:00","date_gmt":"2025-02-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/"},"modified":"2025-02-17T00:00:00","modified_gmt":"2025-02-17T00:00:00","slug":"govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/","title":{"rendered":"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month"},"content":{"rendered":"

The go<\/strong>vernme<\/strong>nt will pay out USD 1 bn of arrears owed to foreign e<\/strong>nergy companies early <\/strong>next month<\/strong>, a senior government official told EnterpriseAM. This will be followed up by the government settling all dues owed to foreign energy companies operating out of Egypt by the end of the year, we were told. As a show of the government\u2019s commitment to settling its dues to energy companies operating in Egypt, this payment is expected to encourage energy players to ramp up investments in exploration and production, particularly in the West Mediterranean and the West Delta, the source added. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

This follows the Madbouly government\u2019s USD 1 bn disbursement in early January<\/strong>, building on a similar payout made last November<\/a>, according to previous reports<\/a>. The government has since agreed on a repayment schedule with international oil companies, with payments rolling out through June 2025. <\/p>\n

Energy security remains a top priority<\/strong>, with the government moving to plug its natural gas supply gap of around 2 bn cubic feet per day by locking in long-term LNG contracts, ramping up exploration, and pushing renewables, a government source previously told us, adding that there are new reserves potentially coming online as soon as March.<\/p>\n

It\u2019s probably not a coincidence that the <\/strong>Egypt Energy Show<\/a><\/strong> is kicking off today<\/strong>, with the government eagerly hoping to ink agreements to further investment in the sector and up production to help close the gap between domestic supply and demand.<\/p>\n

REMEMBER- <\/strong>Following a costly few months<\/a> of energy imports to bridge the gap between local production and demand, the Oil Ministry has been on a mission to start increasing local energy production in 2025. In addition to partially clearing arrears to international oil companies since the EGP float in March, the Oil Ministry is offering new incentives<\/a> to energy players that include increasing production sharing ratios with foreign companies in exchange for new investments, enhancing exploration efforts, and increasing extraction rates with the aim of boosting local production.<\/p>\n

THE INCENTIVES SEEM TO BE WORKING- <\/p>\n

#1- Dana <\/strong>Gas has decided to restart energy exploration after receiving some of its <\/strong>outstanding dues from the government<\/strong>, two unnamed sources told Asharq Business<\/a>. The Emirati energy giant will begin exploration in March under a previously announced USD 100 mn program<\/a> inked with the Egyptian General Petroleum Corporation. The program includes the drilling of 11 new wells and is expected to add 80 bn cubic feet of gas reserves.<\/p>\n

Outstanding arrears have long been a sticking point for Dana Gas<\/strong>, with the company announcing in November that it is putting on hold<\/a> its USD 100 mn project to develop production until it receives USD 24 mn out of a total USD 59 mn of outstanding dues owed by the Madbouly government. The government settled an additional USD 20 mn of its dues owed to Dana Gas in December, according to Asharq Business\u2019 sources.<\/p>\n

#2-<\/strong> G<\/strong>lobal energy giant BP <\/strong>kicked off production from the second development phase of <\/strong>its Raven natural gas field <\/strong>in its North Alexandria offshore concession, the energy firm said in a statement<\/a>. The new wells will produce some 220 bn cbf of gas and 7 mn barrels of condensate. The firm completed the drilling of two gas wells<\/a> in the Raven field last month \u2014 it invested USD 400 mn in the drilling operations. <\/p>\n

What they said: <\/strong>\u201cThe focus of the Raven Infills project has been to fight natural decline and increase production while maximizing our existing infrastructure to meet Egypt\u2019s domestic market demand at pace,\u201d BP Regional President for the Middle East and North Africa Nader Zaki said. <\/p>\n

ALSO IN ENERGY NEWS- <\/p>\n

United E<\/strong>nergy Group\u2019s (UEG) acquisition of Apex International Energy\u2019s Egypt operation <\/strong>came in at USD 150 mn<\/strong>, according to a disclosure (pdf)<\/a> from the company to the HKEX. The agreement \u2014 which came to light last week<\/a> \u2014 will see UEG add Apex\u2019s eight onshore concession areas to its currently five concession-strong portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government plans to settle all its foreign energy dues by year-end<\/p>\n","protected":false},"author":1,"featured_media":660733,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[196,110,93,72,91,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-bp","tag-dana-gas","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"ff499c68-c936-4613-8b6a-24917615878c","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1615.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month","related_issue":[660722],"teaser":"The government plans to settle all its foreign energy dues by year-end","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.59cd711f-42fe-4f87-9650-0a8d23fcbc94.mp3"},"yoast_head":"\nGov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month - 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\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month\" \/>\n<meta property=\"og:description\" content=\"The government plans to settle all its foreign energy dues by year-end\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month\",\"datePublished\":\"2025-02-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/\"},\"wordCount\":684,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1\",\"keywords\":[\"BP\",\"Dana Gas\",\"energy\",\"EnterpriseAM\",\"oil and gas\",\"Oil Ministry\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/\",\"name\":\"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-02-17T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/","og_locale":"en_US","og_type":"article","og_title":"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month","og_description":"The government plans to settle all its foreign energy dues by year-end","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-02-17T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month","datePublished":"2025-02-17T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/"},"wordCount":684,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1","keywords":["BP","Dana Gas","energy","EnterpriseAM","oil and gas","Oil Ministry"],"articleSection":["Energy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/","name":"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1","datePublished":"2025-02-17T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/govt-set-to-pay-usd-1-bn-in-arrears-to-foreign-energy-firms-next-month\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Gov\u2019t set to pay USD 1 bn in arrears to foreign energy firms next month"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1615.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":633582,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/17\/govt-to-clear-usd-3-2-bn-worth-of-oil-and-gas-arrears-this-fy\/","url_meta":{"origin":660732,"position":0},"title":"Gov\u2019t to clear USD 3.2 bn worth of oil and gas arrears this FY","author":"enterpriseam admin","date":"17 July 2024","format":false,"excerpt":"The first installment \u2014 of around USD 1.2 bn \u2014 is scheduled for October","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\/2024\/7\/1297.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654951,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/11\/egypt-has-paid-78-of-its-arrears-to-foreign-oil-and-gas-companies-since-march\/","url_meta":{"origin":660732,"position":1},"title":"Egypt has paid 78% of its arrears to foreign oil and gas companies since March","author":"enterpriseam admin","date":"11 November 2024","format":false,"excerpt":"Clearing arrears is part of a larger plan to increase local production following a costly few months of energy imports","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\/2024\/11\/877.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600256,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/dana-gas-to-invest-usd-5-bn-in-egypt-in-the-coming-few-years\/","url_meta":{"origin":660732,"position":2},"title":"Dana Gas to invest USD 5 bn in Egypt in the coming few years","author":"enterpriseam admin","date":"23 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Dana Gas to invest USD 5 bn in Egypt in the coming few years: Speaking of foreign players that have been vocal about dues owed by the government: Dana Gas is planning on increasing its investments in Egypt by USD 5 bn \u201cover the coming few years,\u201d CEO\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":659155,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/22\/government-clears-usd-1-bn-in-arrears-owed-to-foreign-oil-companies-in-the-first-week-of-january-report\/","url_meta":{"origin":660732,"position":3},"title":"Government clears USD 1 bn in arrears owed to foreign oil companies in the first week of January -report","author":"enterpriseam admin","date":"22 January 2025","format":false,"excerpt":"A new schedule to settle the accumulated USD 6.5 bn in arrears had been agreed with companies","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1190.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660688,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/16\/govt-to-pay-another-usd-1-bn-in-outstanding-arrears-to-foreign-oil-and-gas-companies-in-march\/","url_meta":{"origin":660732,"position":4},"title":"Gov\u2019t to pay another USD 1 bn in outstanding arrears to foreign oil and gas companies in March","author":"enterpriseam admin","date":"16 February 2025","format":false,"excerpt":"Hello all you wonderful people, and welcome back to the work week. We have a packed issue for you today, so without further ado, let's jump into it.THE BIG STORY TODAY The government will pay out USD 1 bn of arrears owed to foreign energy companies early next month, a\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1537.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660990,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/20\/tmg-reports-egp-504-bn-in-total-sales-in-2024\/","url_meta":{"origin":660732,"position":5},"title":"TMG reports EGP 504 bn in total sales in 2024","author":"enterpriseam admin","date":"20 February 2025","format":false,"excerpt":"PLUS- Oil Ministry inks two agreements worth USD 13.5 mn","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=660732"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660732\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/660722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/660733"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660732"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660732"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}