economic reform program | Egypt Oil & Gas

Egypt, IMF Reach Staff-Level Agreement for $2B Loan Disbursement

The International Monetary Fund (IMF) reached a staff-level agreement with the Egyptian government on October 30, paving the way for the release of the fifth loan tranche of $2 billion.

Egypt Close to Settling Foreign Petroleum Debts

Egypt is edging closer to repaying its debts to foreign petroleum companies after paying $1.2 billion to International Oil Companies (IOCs) operating in Egypt with plans to repay the remaining $1.2 billion owed be ...

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