Egypt settles overdue oil and gas dues
The Egyptian Ministry of Petroleum announced that Egypt has paid off all outstanding dues to oil and gas companies, which amounted to approximately $6.1 billion in June 2024, raising it to zero. This achievement boosts confidence in the investment climate and contributes to increased production, paving the way for attracting new investments and revitalizing exploration, drilling, and field development activities.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)