News / Egypt
AfDB Approves USD 225 Million Loan for Egypt’s Refining Company
The African Development Bank (AfDB) Group has approved a USD 200-million senior loan and a US$ 25-million Subordinated Convertible Loan to the Egyptian Refining Company (ERC). In addition, the Bank will if requested by the Borrower consider providing a B-loan of up to USD 80 million. South Dabaa: new gas station in Al Qattara Depression
Egypt Oil & Gas learned that South Dabaa Petroleum Company is on the verge of announcing the implantation of a new gas station in Al Qattara Depression, with an estimated cost by $35 million. Tharwa delays its entry of stock market
Tharwa's board of directors decided to postpone vending the company’s shares in the Egyptian stock market. BG Group appoints Arshad Sufi new President of BG Egypt
BG Group announced the appointment of Dr. Arshad Sufi as the new President and General Manager for BG Egypt. GL Noble Denton first technical seminar
GL Noble Denton Egypt held its first technical Seminar on the 15th of March at JW Marriot Cairo, on the occasion of the new merge. As from January 2010, GL Industrial services and Noble Denton have emerged to one company with trading name GL Noble Denton. Citadel Capital to raise $2.25bn for oil refinery
The Egyptian private owned company, Citadel Capital will be raising $2.25 billion for an oil refinery, according to the company's Managing Director, Ahmed El Houssieny. Petrozeit: new exploration activity in Gebel El Zeit
Egypt Oil & Gas learned that Petrozeit Petroleum Company is planning to drill for a new exploratory well in its acquisition area in Gebel El Zeit. Drilling will start during this year. Egypt Taqa Arabia plans to go public
Egypt's energy services provider Taqa Arabia is considering eight natural gas and power generation projects and plans a public offering on the stock market after it secures one of these projects, Al Bayan daily reports citing a company official. 
