The country has managed to drive down outstanding payments accrued during and following the Arab Spring rising from $6.3 billion to a current total of $3 billion, Oil Minister Tarek al-Molla said at OTC on Tuesday.
“We have taken different measures in order to reduce this number... This included some borrowings, some offset by payment in kind – where we give the operator some crude or product cargoes – or we give some local currency.
“We
