131
86
(29)
189
81
(106)
164
85
(120 )
129
109
(121 )
117
109
(103 )
122
75
(102)
95
1H 2014
1H 2013
2H 2013
2H 2012
July to Oct 2014
Improvement in EGPC Receivables
Collections over Last 3 Years
EGPC receivables reduced by approximately 50% (from $189m to $95m) over last 3 years
This is in spite of an increasing production and results in outstanding of approx. 5 months of production (vs. 14 months in 2012)
Collected US$43 million EGPC cargo on 1 October 2014 and by end October 2014 a total of US$205 million has been collected for
the year.
EGPC Receivables Development since 2012
($m)
Outstanding Receivables Sales EGPC Payments
15
1H 2012
