Egypt pays $500m in arrears to foreign oil firms

Egypt pays $500m in arrears to foreign oil firms

$620m due next Owes $1.72bn Aims to export gas again Egypt’s government has paid nearly $500 million in overdue debt to foreign companies in a bid to encourage them to intensify operations and reverse a decline in its gas output. The government made the payment in September and intends to settle another part of the arrears with a payment of $620 million before the end of 2025, the Saudi news website Asharq Business said, quoting an unnamed Egypt…