Egypt: Government Commits to Reschedule Repayment for Int’l Companies in Nation’s Petroleum Sector

Minister of Petroleum and Mineral Resources Kareem Badawi underscored the Egyptian government’s commitment to rescheduling payment for international companies engaged in the nation’s petroleum sector, highlighting the establishment of a payment mechanism that aims at averting future delays.

The minister made his remarks during a plenary meeting he held with heads and representatives of international companies operating in Egypt with the attendance of arrays of Egyptian leaders in this field.

He…