Israel's military campaign against Hamas has reduced much of the territory of 2.3 million people to a wasteland with most civilians homeless
“Today we are reimbursing $1 billion to the foreign partners and the rest during this week,” the chairman of state-run Egyptian General Petroleum Corporation (EGPC), Tarek El Molla, told Reuters by telephone.
Approval of the $1.5 billion payment was announced by the government on December 4. The government said the next day it would repay a further $3 billion in monthly instalments until the end of 2017, hoping this will encourage needed investment in the energy sector.
Compiled from Reuters and staff reports
Israel's military campaign against Hamas has reduced much of the territory of 2.3 million people to a wasteland with most civilians homeless
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