New incentives for Egypt’s foreign partners

Issue 261 - 14 Sep 2013 - By John Hamilton | 4 minute read

Upstream players have so far remained unfazed by the violent political changes of the summer. They were likewise relatively untroubled by the 14-month-long Muslim Brotherhood administration of President Mohammed Morsi, in spite of its various missteps and failures. However, it now looks likely that the new administration will move quickly to create new financial incentives for international oil companies (IOCs) and to reduce the pressure on them caused by the growing value of arrears owed by Egyptian General Petroleum Corporation (EGPC) and its subsidiaries.

Tagged with:

Pin Egypt

Want to read more?

Subscribe to African Energy

View subscription options

This article is available to registered users


Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map