Politics
Egypt's finance minister says repayments to foreign partners exceeded $6.1 billion
October 23, 2026 at 06:31 PM
Coverage
2 reports · over 5 hours
Egypt's Finance Minister Ahmed Kojak detailed energy-sector financial results at Egypt Forum 2026, announcing debts to foreign partners were settled.
- Kojak said Egypt repaid foreign partners' dues exceeding $6.1 billion over nearly one year, speaking at the forum's "Egypt Energy Journey" session.
- Kojak said the gas import bill will fall about $4 billion annually when the Dabaa nuclear plant enters service in 2029–2030.
- Kojak said rationing fuel and gas consumption by 20 percent in budget agencies saved between 7 and 8 billion Egyptian pounds last fiscal year.
- Kojak said grid interconnection with Saudi Arabia was completed, with each added gigawatt of new energy saving $200–250 million annually in gas imports.

