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Egypt Repays About $5 Billion in Debt to Foreign Partners in Oil Sector, Says Prime Minister

Egypt Repays About $5 Billion in Debt to Foreign Partners in Oil Sector, Says Prime Minister

Sputnik Africa

Egypt Repays About $5 Billion in Debt to Foreign Partners in Oil Sector, Says Prime Minister"As of June 30, 2024, the debt to foreign partners in the oil... 22.01.2026, Sputnik Africa

2026-01-22T08:57+0100

2026-01-22T08:57+0100

2026-01-22T09:04+0100

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Egypt Repays About $5 Billion in Debt to Foreign Partners in Oil Sector, Says Prime Minister"As of June 30, 2024, the debt to foreign partners in the oil sector amounted to $6.1 billion. It is expected that by June 30, 2026, this amount should reach $1.2 billion," Mostafa Madbouly said during a weekly cabinet meeting.The prime minister emphasized the country's efforts to implement the strategy of becoming a regional energy hub, including in the gas trade.Subscribe to @sputnik_africa Sputnik Africa | X

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