Egypt seeks to buy 165K tons of diesel fuel with 0.1% sulfur in August- Reuters
Egypt seeks to purchase up to 165,000 tons of diesel fuel with 0.1% sulfur on five shipments in August per international tenders offered by the Egyptian General Petroleum Corporation (EGPC), Reuters reported Monday.
Egypt reduces arrears owed to foreign oil companies to $3.4 bln
(Reuters) Egypt has reduced the arrears it owes foreign oil companies to $3.4 billion in 2015/16 from $3.5 billion a year earlier, Petroleum Minister Tarek El Molla told Reuters on Monday.
El Molla also said that Egypt received crude oil and natural gas from the foreign partners’ share during 2015/16 worth $5.4 billion. Egypt paid them $5.5 billion.
Egypt’s public business companies owe Ministry of Petroleum 3 bln EGP
Debts of a number of state-owned business companies that intensively consume energy reached 3 billion EGP, should be paid off to the Ministry of Petroleum, Youm7 reported an anonymous official from the public sector Sunday.
Egypt’s National Cement Company has debts totaling 1.2 billion EGP; the company works have stopped after suspension of fuel supply due to failure to pay off part of its debts.
