- Mozambique Oil & Gas: Amarinth bags two Coral South FLNG contracts
- Africa Oil & Gas: "The never-ending battle for Libya’s Oil Crescent" - GRI reports
- Mozambique Oil & Gas: Moz LNG reassesses yards and shipowners
- Mozambique Oil & Gas: Govt to punish petrol stations for discounting prices
- Mozambique Oil & Gas: Amarinth secures API 610 pump orders for Coral South Development Project
Egypt’s Petroleum Minister Tarek El Molla while speaking to Egyptian state-owned media said that the Ministry was on schedule to pay off its oil debts to foreign companies by mid-2019.
“It is hard to determine a specific date, but we imagine that if the current rate of payment continues we will be able to reach zero external debt within two years,” El Molla told al-Jazeera.
This falls in line with a previous pledge of the government’s to clear the debts by the end of June 2019. The pledge is part of Egypt’s efforts to attract foreign investors after recently discovering new gas reserves.