Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources announced that the Petroleum Sector paid a new batch of dues to the foreign partners amounted to $2.1 billion, Thus, total accumulated arrears decreased to $3.1 billion, in addition to the payment of $200 million of receivables for petroleum products suppliers and credit facilities to the Egyptian General Petroleum Corporation (EGPC) .

The Minister pointed out that the Petroleum Sector already paid two installments of dues to foreign partners, the first worth $1.5 billion in December 2013 and the second worth $ 1.4 billion in October 2014.

Source: MoP