Home Tech/AIIndustry & Trade Cairo to make $750 mln debt payment to foreign oil firms on Jun. 1

Cairo to make $750 mln debt payment to foreign oil firms on Jun. 1

by Yomna Yasser

Egypt will make a debt payment worth $750 million to international oil companies next June 1st, the country’s central bank governor Tarek Amer announced Tuesday.

Egypt has already paid $750 million in dues for the international oil companies, Amer added in a press conference.

Egypt has outstanding dues of about $3.5 billion to international oil and gas companies.

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