Egypt's Petroleum Debt to Foreign Companies: A 20-Year Journey (2004-2026)

Zawia3 · Chart 1 of 7

Billion USD — two equal peaks at $6B, then zero for the first time in history

"Twenty years of debt between two peaks of $6 billion each — before reaching zero in June 2026, for the first time ever"

First peak (2011)

$6.3B

after January revolution

Second peak (2024)

$6.1B

COVID + Russia war

June 2026

Zero

fully settled

Source: Oil Minister Karim Badawi / former minister Tarek El-Molla statements