Egypt fully settles US$ 6.1 billion in outstanding dues to foreign partners: Petroleum Minister

Egypt Independent21 October 2026, 08:24 UTCEgypt

Egypt’s Petroleum Minister Karim Badawy confirmed the successful settlement of all overdue payments owed to investment partners involved in exploration, prospecting, and production activities—a total of approximately US$ 6.1 billion that had been outstanding for over two years. Speaking at the opening of the Mediterranean Petroleum Conference and Exhibition (MOC) 2026—held under the theme “Egypt: … The post Egypt fully settles US$ 6.1 billion in outstanding dues to foreign partners: Petroleum Minister appeared first on Egypt Independent.

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