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 ...
Egypt will repay $850 million in arrears to international oil companies (IOCs) operating in Egypt.
The Ministry of Petroleum and Mineral Resources will repay debts of $200 million to international oil companies in June 2018.
The Egyptian government plans to repay $250 million in arrears to international oil companies (IOCs) in March 2018.
Egypt will make another payment toward its arrears to international oil companies (IOCs) before the end of 2017.
If Egypt maintains its current payment rate, it will pay down its arrears to international oil companies (IOCs) within two years.
Egypt will make another payment toward its arrears to international oil companies (IOCs) before the end of 2017
Investments in Egypt’s oil and gas sector by international oil companies (IOCs) rose to $10 billion during 2017.
