Egypt has cleared its $6.1bn energy arrears to foreign oil and gas firms, settling the debt to zero and unlocking about $19bn in new upstream deals.
EGYPT · MARKETS
Key Facts
—The milestone: Egypt has cleared its energy arrears to foreign oil and gas firms in full, taking the balance from about 6.1 billion dollars to zero.
—The date: The petroleum ministry announced the final settlement on 10 June 2026, about three weeks ahead of its own target.
—The cause: The debt had piled up since 2024, when a foreign-currency shortage left Egypt unable to pay its partners on time.
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