Egypt clears $6.1 billion in oil, gas arrears to foreign partners

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Egypt has cleared all $6.1 billion in arrears owed to foreign oil and gas partners as announced by the Ministry of Petroleum and Mineral Resources. This settlement demonstrates Egypt's commitment to honoring its financial obligations in the energy sector.

Egypt has fully settled all outstanding dues owed to foreign oil and gas production partners, reducing arrears from about $6.1 billion in June 2024 to zero, the Ministry of Petroleum and Mineral Resources announced on Wednesday, June 10, 2026 . The ministry said the achievement, realized in coordination with relevant state bodies, reflects Egypt’s commitment … The post Egypt clears $6.1 billion in oil, gas arrears to foreign partners appeared first on Egypt Independent.