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Egypt Repaying Debt

Egypt  Repaying Debt Egypt  Repaying Debt

Egypt has paid $2.1b of its debt to foreign energy companies, leaving $3.1b still owed, Oil Minister Sherif Ismail said in a statement on Wednesday, Reuters said. Egypt made earlier payments of $1.5b in December 2013, and $1.4b in October 2014, Ismail added. Arrears to foreign energy companies have hampered investment in the sector.

Financialtribune.com