Egypt Accelerates Oil Company Payments, Encourages $10 Billion BP Gas Investment

JOHANNESBURG--July 25, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--The Egyptian government plans to clear all of its arrears to foreign oil companies by 2017, according to news reports. Previously, the plan was to pay $3 billion out of a total of about $6 billion by 2017.

Within this article: Details of plans by Egypt to pay off its debts to foreign oil companies, including British Petroleum (NYSE:BP) and BG group.

Other companies featured: British Petroleum (NYSE:BP)