Egypt Plans to Pay Foreign Oil Firms Partially in Pounds

Egypt plans to repay a quarter of its about $9 billion debt to foreign oil companies in Egyptian pounds, the independent El-Watan newspaper reported, citing Industry and Foreign Trade Minister Hatem Saleh.

The remainder would be paid in installments over the coming period, it quoted him as saying without providing further details.

Source: Bloomberg & El-Watan

 

 

 

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