After more than three years of political and social turmoil, Egypt desperately wants oil investors to come back. Though the country owes more than $6 billion to foreign oil companies, government officials announced that they have earmarked $1.5 billion to pay them back.
The move is intended to communicate Egypt’s commitment to its oil and gas investors, which includes BP (NYSE: BP), Edison SpA, BG Group (LON: BG), and TransGlobe Energy (NASDAQ: TGA).
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