Egypt settles five billion dollars in overdue payments to foreign energy partners

Egypt has cleared five billion dollars in debts to foreign oil and gas firms. The government plans to reduce the remaining arrears by the end of June 2026.

洞察:
The government of Egypt EGEGhas completed the payment of approximately $5 billion in overdue bills to foreign oil and gas operators as of January 21, 2026. Prime Minister Mostafa Madbouly mostafa madboulyannounced the resolution of these arrears, which had previously reached $6.1 billion on June 30, 2024. Under a structured repayment plan, the Egyptian government now aims to reduce its remaining debt to these international partners to $1.2 billion by June 2026, while concurrently remaining up to date on all current monthly invoices.
Egyptian Prime Minister Mostafa Madbouly attends a press conference with Lebanese Prime Minister Nawaf Salam at the government headquarters in Beirut, Lebanon, on December 19, 2025. REUTERS/Mohamed Azakir/File Photo
Egyptian Prime Minister Mostafa Madbouly attends a press conference with Lebanese Prime Minister Nawaf Salam at the government headquarters in Beirut, Lebanon, on December 19, 2025. REUTERS/Mohamed Azakir/File Photo
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