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Egypt Will Make $750m Debt Payment to Oil Companies on June 1

Source: Reuters 5/16/2017, Location: Egypt

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Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer said on Tuesday. Egypt has outstanding dues of about $3.5 billion to international oil and gas companies. Amer said separately that Egypt has received $8 billion in investment from 150 global investment funds over the past six months.

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