Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Egypt makes payment to foreign energy companies, but debts remain
Egypt paid a further $2.1bn of its debt to foreign energy companies at the end of December (following payments of $1.5bn in December 2013 and $1.4bn in October 2014), though the government still owes $3.1bn. According to a Reuters report, foreign firms owed money by the Egyptian government include BP and BG, the UAE’s Dana Gas and Italy’s Eni. Mounting debt has hampered investment in the country’s energy sector, but recent moves by the government to address the debt issue has begun to improve energy firms’ confidence in Egypt. BP has announced plans to invest $12bn in Egypt over the next five years.
