banks | Egypt Oil & Gas
Saudi Aramco Asks Banks for IPO Roles
Saudi Aramco has recently asked major banks to submit proposals for potential roles in its planned initial public offering (IPO), Reuters reported. The requests were reportedly sent to banks a few days day ago for wha...
AMOC Agrees Financing for Refinery Project
The Alexandria Mineral Oils Company (AMOC) has reached an agreement with five financial organisations to fund its $500-million-cost refinery project, Zawya reported. AMOC sources said that Zawya had held initial talks...
Three Companies Make It to FiT phase(1)
The Egyptian Electricity Holding Company chief ,Eng. Gaber El Dessouky, said that three companies out of nine made it to the first phase of the Feed-in Tariff (FiT) program. The rest of the six companies are to be con...
Egypt’s GPC to Borrow EGP2b for Oil, Gas Exploration
Egypt’s General Petroleum Company (GPC) has addressed some banks operating in the local market to obtain a loan worth EGP 2b to finance oil and gas exploration and drilling operations, Al Mal newspaper reported. GPC’s...
Angola Driving Ahead with Eurobond Plan as Oil Prices Falls
Angola’s Finance Minister announced that his country will meet with investors in the US and Europe starting October 26 to promote its first Eurobond sale, said Bloomberg. Angola, the continent’s second-lar...
ADIB and Banque Misr Partner for $105m EGPC Loan
Abu Dhabi Islamic Bank is spearheading an effort with Banque Misr to lend Egypt’s EGPC $105m, reported Al Mal News. The loan was previously reported by Egypt Oil & Gas when it was announced to be roughly $100m. Th...
Bahrain Subsidies Hit by Oil Prices
Bahrain more than doubled the prices of beef and chicken, removing meat subsidies to save money as low oil prices squeeze government’s revenues, reported Reuters. Only Bahraini citizens will be compensated with ...
African Bank Head Says Electricity to Power Continent’s Industrialization
Akinwumi Adesina, the new president of the African Development Bank, declared that Africa should push to achieve universal access to electricity within a decade, reported Reuters. “Africa can easily have double-...
