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The meeting came as divisions grow in Europe over the proposed tariffs
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Egypt owes oil firms $6 billion: PM
Egypt is close to agreeing a schedule for repaying $6 billion in outstanding debt to foreign oil companies, Prime Minister Hazem El Beblawi said in a newspaper interview published on Thursday.
Beblawi also told Al Masry Al Youm that reaching an agreement would lead to a rise in investments from the companies to $15 billion within two years.
“We are in debt to foreign oil firms for around $6 billion, which is what led them to stop investing. We are on the verge of reaching an agreement with them to schedule the debts,” Beblawi said.
“Reaching a settlement will lead to a rise in investment from foreign (oil) firms within two years to $15 billion.”
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