IOCs to receive around $1bn from Egypt within two months | IOCs to receive around $1bn from Egypt within two months -
oil-wells

IOCs to receive around $1bn from Egypt within two months

: Thursday, April 24 - 2014 @ 10:21

Egyptian oil minister, Sherif Ismail has said the government is to pay about $1bn of the money it owes to foreign oil companies within the next two months, Reuters has reported. Egypt, which owes some $6.3bn to those companies, said last year it paid $1.5bn of the money it owes the international firms as part of a repayment scheme seeking to revive confidence in the economy after years of turmoil. “A new chunk of around $1bn will be paid to foreign firms within two months,” Ismail said.

Today's Top Stories

Posted by

Thursday, April 24- 2014 @ 10:21 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs