The Egyptian General Petroleum Corporation (EGPC) has EGP 200b unpaid dues from government ministries and state-owned institutions for providing them with petroleum products and derivatives.
Egypt Air's dues owed to EGPC jumped to EGP 5.9b by the end of July compared to 5.7b in the month of April 2015. This is the result of the Egypt Air's decision to stop paying the full value of the fuel it receives an ...