Oil Companies

Egypt settles taxes owed by oil companies worth LE 16B

Thu, 14 Jan 2021 - 04:02 GMT

Total tax revenues increased by about 10 percent during the period from July to December 2020, to reach about LE 334 billion, compared to LE 304 billion during the same period of the previous fiscal year.

Egypt's arrears to foreign oil companies decline to $850M at end of June

Wed, 29 Jul 2020 - 03:43 GMT

Molla added Reuters that dues decreased by 5.5 percent, compared to $900 million at the end of 2018/2019 fiscal year.

Molla probes with int'l oil companies, US officials investment chances in Egypt

Wed, 27 Jun 2018 - 01:49 GMT

The meeting took up the economic reform program adopted by the Egyptian government to lure more investments.