[ad_1]
Dr. Tharwat Ragheb, Professor of Petroleum Engineering and Energy at the British University, confirms that the success of the oil sector in paying the debts of foreign partners and investors is almost complete. Ragheb said in a special statement to "Sada Al-Balad" that the rights crisis of foreign partners began in 2004 with rights rising to $ 610 million and increased to $ 3.3 billion in 2010 for 2010 and it's aggravated up to 6.3 billion, Oil and some agreements "The oil expert", that the political direction has set in its priorities a plan to pay the contributions by scheduling them to be paid monthly until the ministry manages to reduce fees to $ 1.2 billion in the middle of last year and will be completed with the start of the new year.
Ragheb said that opening the door to investors through direct meetings with state leaders has increased investor confidence and prompted Eni, who has been operating in Egypt for 50 years , to direct more than 70% of its investments in Egypt,
"Ragheb" hinted that ExxonMobil should enter exploration and discoveries and surpbad other companies, noting that He has conducted numerous studies and meetings with the heads of state to begin work.
Petroleum Minister Tariq Mulla The rights of foreign partners accumulated were reduced from $ 6.3 billion in October 2013 to $ 2.4 billion at the end of June 2017, with a commitment to regularly pay the accounts receivables from foreign partners in previous periods and will be completed in the next two years.
[ad_2]
Source link
