Egypt has no outstanding debts to foreign companies, having paid USD 160 mn in arrears so far, central bank Governor Tarek Amer said on Monday, according to AMAY. He said that any creditors should notify the CBE immediately. As for arrears owed to international oil firms, Amer said that a large portion has already been repaid. Oil Minister Tarek El Molla had said this month that Egypt reduced its debt to IOCs to USD 2.3 bn, which it intends to pay back in full by June 2019.

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