Home Tech/AIIndustry & Trade Egypt Owes Foreign Oil Companies $6 Billion – PM

Egypt Owes Foreign Oil Companies $6 Billion – PM

by Yomna Yasser

Egypt’s owes foreign oil companies $6 billion but is close to reaching an agreement over a payment timetable, Prime Minister Hazem el-Beblawi said in a newspaper interview.

Beblawi also told Al Masry Al Youm newspaper that reaching an agreement would lead to a rise in investment from those companies to $15 billion within two years.

You may also like

Leave a Comment