Cairo – Mubasher: Egypt’s had paid $200 million in arrears owed to foreign oil companies in January, Reuters reported on Sunday, citing finance minister Amr El Garhy.
The North African country is planning to pay another $550 million in February and March, El Garhy added.
Moreover, Egypt owed foreign oil companies about $2.4 billion at the end of June 2017, according to the news agency.
Egypt is seeking to accelerate production from recently discovered fields to halt gas imports by 2019 in a bid to achieve self-sufficiency.
