Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms, its oil minister was quoted as saying on Wednesday.
Osama Kamal, cited by local media, said Egypt, where an economic crisis has led to fuel shortages, had recently paid $1 billion in debt to foreign energy firms and that another $1 billion would be coming in a fortnight.
"The Libyan petrol shipments will arrive next month," Kamal was quoted as saying in local newspaper Al Borsa. In Egypt "petrol" is used to refer to crude oil.
The Egyptian government is estimated to owe billions of dollars to oil producers working in the country, though the government last month disputed an estimate that put the debt at $9 billion.
Reuters, via Yahoo news