Egypt has reduced the arrears it owes foreign oil companies to $3.5 billion by the end of December from $3.6 billion in September, Petroleum Minister Tarek El Molla told Reuters on Tuesday.
The latest figure means that Egypt paid about $100 million of the debt owed to foreign oil companies in the last quarter of 2016.
El Molla said in a phone call to Reuters that "Egypt pays it's dues regularly on a monthly basis," but did not give any further details on when Egypt would pay off the debts to the companies.
