GREY:SDRYF - Post by User
Post by
mukh6on Mar 06, 2014 2:51pm
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Post# 22290622
Egypt Tries Harder to Stop Energy Firm Exodus
Egypt Tries Harder to Stop Energy Firm Exodus
Calgary-based Sea Dragon Energy, a small oil producer that relies entirely on Egypt, said it was no longer owed any money.
"It has improved dramatically recently. A year ago we were 180-210 days out on receivables," CEO Paul Welch told Reuters.
"And they have accelerated the approval process in the ministry... Things are getting signed on a much swifter basis."
https://www.marinelink.com/news/harder-energy-exodus365091.aspx