Dana Gas, a UAE-based energy company, is set to resume its drilling activity in Egypt starting March, following the receipt of overdue payments from the Egyptian General Petroleum Corporation (EGPC).

Dues of the Egyptian Ministry of Petroleum and Mineral Resources to the Ministry of Electricity exceeded EGP 205 billion by the end of January.

The Egyptian government has paid off $1 billion of its overdue debts to foreign oil companies during the first week of January 2025

The Ministry of Petroleum and Mineral Resources will begin paying off dues regularly to foreign oil firms starting this month.

The Egyptian Ministry of Electricity and Renewable Energy's dues to all government sectors rose by 14% in the two-month ended May to EGP 114 billion.

The National Authority for Tunnels (NAT) has initiated the procedures of borrowing up to EGP 74 billion from a consortium of 10 local banks to settle outstanding payments owed to companies involved in ongoing projects for the authority.

Egypt is set to pay off 20% of the outstanding dues of foreign oil and gas companies operating within its borders in June.