Tarek El-Molla, Egypt's Minister of Petroleum and Mineral Resources, speaks during an interview with Reuters at his office in Cairo, Egypt, October 29, 2015 – Reuters Photo Tarek El-Molla, Egypt's Minister of Petroleum and Mineral Resources, speaks during an interview with Reuters at his office in Cairo, Egypt, October 29, 2015 – Reuters Photo

Egypt's arrears to foreign oil firms fall by end of June: Min.

Thu, Jul. 11, 2019
CAIRO - 11 July 2019: Egypt’s arrears to foreign oil companies have declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the remaining amount would be paid soon.

Tarek el-Molla also told Reuters that total monthly payments by Egypt to foreign oil companies stood at $700 million.
 
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