Egypt aims to cut arrears owed to foreign oil firms to $2.5bn in 2015

09 September 2015, News Wires –  Egypt paid foreign oil companies $600 million in arrears in August and still owes them $2.9 billion, the petroleum minister told Reuters on Wednesday. Sherif Ismail also said Egypt aims to lower the amount of arrears it owes foreign oil companies to $2.5 billion by the end of 2015. Delays in paying […] More »