{"id":633974,"date":"2018-01-02T04:29:22","date_gmt":"2018-01-02T04:29:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/"},"modified":"2018-01-02T04:29:22","modified_gmt":"2018-01-02T04:29:22","slug":"debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/","title":{"rendered":"Debts owed to IoCs could be paid off within two years, former minister says"},"content":{"rendered":"<p><strong>Debts owed to international oil companies in Egypt should be paid off entirely within two years<\/strong> if work on new fields continues at a reasonable pace and fuel subsidies continue to be reduced, former Oil Minister Osama Kamal says, <a href=\"http:\/\/www.almalnews.com\/Story\/358823\/59\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%A7%D9%84%D8%A3%D8%B3%D8%A8%D9%82-%D8%A7%D9%86%D8%AA%D9%87%D8%A7%D8%A1-%D9%85%D8%AF%D9%8A%D9%88%D9%86%D9%8A%D8%A7%D8%AA-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%AE%D9%84%D8%A7%D9%84-%D8%B9%D8%A7%D9%85%D9%8A%D9%86\">according to Al Mal.<\/a> He says about 80% of fuel subsidies do not reach those who are most in need and that the state should redirect spending there towards health and education.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debts owed to international oil companies in Egypt should be paid off entirely within two years if work on new fields continues at a reasonable pace and fuel subsidies continue to be reduced, former Oil Minister Osama Kamal says, according to Al Mal. He says about 80% of fuel subsidies do not reach those who [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633974","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ad2e38cb-33ed-471a-8c0a-0e0563d62b5d","order":"0","is_powered_by":true,"section_story_id":"4e98b65b-f1cb-4195-876d-f407de012192","story_type":"1","photo_url":"","photo_position":"above","related_issue":[633965],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Debts owed to IoCs could be paid off within two years, former minister says - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debts owed to IoCs could be paid off within two years, former minister says\" \/>\n<meta property=\"og:description\" content=\"Debts owed to international oil companies in Egypt should be paid off entirely within two years if work on new fields continues at a reasonable pace and fuel subsidies continue to be reduced, former Oil Minister Osama Kamal says, according to Al Mal. He says about 80% of fuel subsidies do not reach those who [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-02T04:29:22+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Debts owed to IoCs could be paid off within two years, former minister says\",\"datePublished\":\"2018-01-02T04:29:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/debts-owed-to-iocs-could-be-paid-off-within-two-years-former-minister-says\/\",\"name\":\"Debts owed to IoCs could be paid off within two years, former minister says - 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The government had announced earlier this month that it was planning to pay off more than USD 12 bn in debts to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642803,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/central-bank-says-no-usd-amounts-outstanding-for-foreign-firms\/","url_meta":{"origin":633974,"position":2},"title":"Central Bank says no USD amounts outstanding for foreign firms","author":"enterpriseam admin","date":"22 August 2017","format":false,"excerpt":"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. 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