Jul 13, 2026

Egypt Clears $6.1 Billion Oil and Gas Arrears, Energy Sector Looks to Rebuild Investor Trust$

Analysis by The North Africa Journal

Egypt has fully paid the $6.1 billion in arrears it owed foreign oil and gas partners, ending a multi-year backlog tied to its foreign-currency crunch. With the debt paid down to zero by mid-2026, officials are pairing the settlement with new investment incentives and a push to revive onshore drilling, aiming to reverse years of declining crude output.
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Morocco Faces Balancing Test Over Potential Gaza Security Role$

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