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FINANCIAL NEWS
Egypt to repay USD300 m to oil companies
16 Dec 2013
(MENAFN) Egypt has announced its plan of repaying USD300 million from its debt to foreign oil companies in Egyptian pounds, according to the Peninsula.
The USD300 million will be part of a USD1.5 billion repayment scheme the country designed to support its economy.
Egypt’s Finance Ministry said that the country also plans to repay USD3 billion of the USD6.3 billion it owes to foreign oil companies by 2017.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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