Egyptian President Abdel Fattah al-Sisi said that his government is “committed” to paying up debts to oil and gas companies “operating on its soil,” reported Aswat Masreya. The statemnt comes as part of Egypt’s efforts to encourage foreign investors and revamp its economy. Sisi told British Gas Group Chief Executive Helge Lund that Egypt has never “fallen behind” on paying its international obligations, adding that Egypt has paid $3bn of its debt in the past two years and that it is trying to bring in investments to create economic growth and provide job opportunities.
Sisi: Egypt is Committed to Paying Off Debt to IOCs
Egypt Oil & Gas 8798 Posts