Firms Look to Exit Egypt as Government Debts Mount

摘要

While there is still appetite for large projects, some oil firms are looking to exit Egypt because of slowing payments from the cashstrapped government, sources tellOil Daily. Debt owed to oil firms has mounted in recent months, with the oil ministry on Sunday saying it had reached $3.4 billion by end-June. This is some way down on the $5.7 billion it owed in mid-2014.