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Egyptian PM: Egypt owes foreign oil companies $6 billion

Egypt's owes foreign oil companies $6 billion but is close to reaching an agreement over a payment timetable, Prime Minister Hazem el-Beblawi said in a newspaper interview.

 

Beblawi also told Al Masry Al Youm newspaper that reaching an agreement would lead to a rise in investment from those companies to $15 billion within two years. (Reuters)