Egypt Clears $6.1bn Energy Arrears, Targets Output Growth

CAIRO — Egypt has achieved a major milestone in its energy-sector reform agenda after eliminating all outstanding dues owed to foreign oil and gas partners, a development officials say could strengthen investor confidence, accelerate exploration activity and support efforts to reverse recent declines in domestic hydrocarbon production. The achievement, described by Petroleum and Mineral Resources Minister […] The post Egypt Clears $6.1bn Energy Arrears, Targets Output Growth appeared first on The Middle East Observer.