JBIC is Aiming to Invest in Egyptian Petrochemicals

JBIC is Aiming to Invest in Egyptian Petrochemicals

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, had a meeting with a delegation of Japan Bank for International Cooperation (JBIC). The delegation was led by Executive Officer for Europe, the Middle East and Africa, Moriyuki Aida, accompanied by JBIC’s Chief Representative in MENA, Naoki Tamaki, according to Al Mal.

Aida said JBIC is currently considering participating in financing the planned petrochemical projects.

He pointed out that JBIC has already contributed in a number of successful projects including funding a part of Egyptian Refining Company’s project in Mostrood, which is one of the largest implemented projects in the oil and gas sector.

Meanwhile, El Molla pointed out the strong and deep Egyptian-Japanese relations, stressing on Egypt’s commitment in strengthening the oil relations between the two countries.

He also stated that the time is appropriate to increase the JBIC’s contribution to the petroleum projects, especially in refining and petrochemicals.

Dr. Mahinaz El-Baz 318 Posts

Mahinaz El Baz received her PhD degree in International Economics from Helwan University in 2022. She has +10 years of experience in journalism and economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.


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