Gov’t sets up regular payouts for oil and power companies after clearing arrears
· Egyptian market news
The government is set to pay foreign oil firms nearly USD 240 mn a month Al Arabiya
The payment mechanism:
REMEMBER- petroleum sector’s return to growth down from USD 6.1 bn USD 6.2 bn in FDI
The largest recipients:
Field work is picking up: began a program signed a USD 550 mn financing agreement
Extending to renewables
Oil isn’t the only sector the government is clearing up:
Keeping payments on track:
Original source: enterpriseam.com