Egypt fully settles dues to investment partners for the first time in years: Petroleum Minister

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Egypt's Petroleum Minister Karim Badawy announced that the country has fully settled outstanding payments totaling US$6.1 billion to oil and gas investment partners for the first time in years. This settlement is viewed as a fundamental solution to longstanding financial obligations.

Egyptian Minister of Petroleum and Mineral Resources Karim Badawy announced the complete settlement of outstanding payments to oil and gas investment partners, bringing them down to zero for the first time in years, after reaching US$ 6.1 billion in June 2024. These payments are not merely a financial settlement, he said, but a fundamental solution … The post Egypt fully settles dues to investment partners for the first time in years: Petroleum Minister appeared first on Egypt Independent.