Egypt to settle $1.5 billion owned to oil firms - Israel News, Ynetnews
 
ynetnews
web


   Israel News

Israel News
World News
Israel Opinion
Jewish
Israel Business
Israel Culture
Israel Travel
Breaking News

 

Egypt to settle $1.5 billion owned to oil firms

Published: 12.04.13, 17:23 / Israel News

Egypt's prime minister says his government has committed to pay what amounts to 24 percent of the total arrears it owes foreign oil companies in a bid to restore investor confidence in an economy damaged by nearly three years of unrest.

 

Hazem el-Beblawi was speaking Wednesday at an investors' forum that brought to Cairo businessmen and officials from the Gulf countries. El-Beblawi said his government approved settling $1.5 billion it owed to foreign oil firms. Petroleum ministry spokesman Hamdy Abdel-Aziz said the latest figure for money owed to oil companies stood at $6.2 billion. (AP)

 

  PrintPrint  Send to friendSend to friend   
Tag with Del.icio.us Bookmark to del.icio.us




 

RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions