CAIRO Feb 19 The Egyptian government has signed
agreements with Malaysia's Petronas and Britain's BG
Group to reschedule debt owed by Cairo, the minister of
petroleum, Osama Kamal, told reporters on Tuesday.
He did not say now much debt had been rescheduled.
Oil producers working in Egypt are estimated by Exclusive
Analysis to be owed $9 billion - a figure Kamal disputed at a
news conference this month.
Egyptian Prime Minister Hisham Kandil met on Tuesday with a
delegation from American energy company Apache and BG
Group to discuss investment opportunities in Egypt.
"They (BG Group) have assured, through the meeting, that
they will continue investing in Egypt and expressed their
interest in increasing it in the future," a statement from the
The company's investment in Egypt over the next five years
is estimated at about 5 billion dollars, Kamal said.