Receivables owed by state firm EGPC to upstream independents in Egypt ballooned to a six-year high $6.25bn as of end-2023, whilst each of the six independents for which MEES has a comparable set of historical data posted end-2023 figures that were up year-on-year (see chart).
Egypt E&Ps See Light At End Of The Tunnel
IOCs in Egypt saw their receivables balloon to a six-year high at end-2023: every company monitored by MEES saw year-on-year gains amid an acute currency crisis. Payments are now being made following this month’s currency liberalization and IMF deal. But firms want to see the money before dusting off investment plans.
Read this article for free
Gain access to over 60-years of energy analysis and news
-
Delve into the details backed by data
-
Exclusive information from high-level officials
-
Assess future risks and opportunities
IN THIS ARTICLE
Charts
Egypt Independents See Receivables Hit Six-Year High For 2023 ($mn)
REFERENCED MEES ARTICLES
RELATED ARTICLES
Get Our Headlines Weekly
Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.
By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.