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EGYPT: NOCs to repay all debts to IOCs by 2020 – El Molla

  • 7 Jul 2018
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Egypt’s National Oil Companies (NOCs) will repay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla has said. He added that the debt has fallen to $1.2 billion, which is half of NOC debt owed to International Oil Companies (IOCs) in 2010. The Oxford Institute for Energy Studies wrote in

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