A Deeper Look into the IPO Challenges of Egypt’s Oil Refineries
After decades of discussion, the Egyptian government is looking to partially privatize parts of the oil and gas industry, particularly its state-owned oil refineries. Of late, it has taken steps to prepare for Initial Public Offerings (IPO) for a number of the governmentally owned corporations in the sector. This move is part of the government’s plan to raise funds for the national oil companies (NOCs) to upgrade production capacity.