Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies operating in the country, the Petroleum Ministry said in an emailed statement on Sunday.
?
The companies will be asked to agree to the proposal, which is being drawn up in coordination with various government entities. The debts have been accumulated over several years.
?
It hopes that by paying back the arrears it will encourage companies to increase investments in oil exploration and development, it said.
?
The government has accumulated debts of several billion dollars for oil and gas it has bought from companies producing within Egypt.
Source: http://www.egyptindependent.com/node/2079426
walmart black friday Target Black Friday PacSun apple store bestbuy bestbuy gamestop
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.