banks | Egypt Oil & Gas - Part 2

Oil Price Crunch May Force Reform of Gulf Arab Oil Finances

A Standard & Poor’s Rating Services report cited by Gulf News warned that low oil prices will adversely affect the banking sector in the Gulf Arab states.

Sidpec Partners with United Gas Derivative, Eni, BP in Ethylene Project

Sidi Kerir Petrochemicals Co “Sidpec” Chariman Ahmed Helmy, said that five local banks offered to finance the 200 thousand tons capacity per year ethylene production project, with $ 600 million investments.

MOPCO Suez Wins $2bn Finances for PetroChem, Fertilizer Project

Misr Company for Oil Industries MOPCO Suez plans to carry out a new project to produce aromatic fertilizer and petrochemical products in Ain Sukhnan at a total cost of $2bn.

Egypt’s $7.5 Bn PetroChem Project Attracting International Banks

Egyptian Investment Minister Ashraf Salman has discussed Wednesday plans to carry out petrochemicals project in Egypt with the representatives of the U.S. Export-Import Bank, Export-Import Bank of Korea (Korea Eximbank).

Financial Growth Unaffected by Oil Prices, says First Gulf Bank

Bank sees no slowdown in lending

Dolphin Energy in Need of Advice for ‘Incremental’ Loan

Dolphin Energy, the Abu Dhabi state-controlled venture that produces and transports natural gas to the UAE and Oman, wants to raise a $1 billion loan and has invited banks to pitch for a role advising it, banking sou ...

Oman Electricity Co. Poised to Issue Dollar Bonds

The issue could be around $1 billion, rating agency Standard and Poor's said.

Oil Prices Force Qatar to Borrow for World Cup Plans

Qatari banks plan to borrow more than $6 billion to finance a construction boom ahead of the 2022 soccer World Cup amid slumping oil prices.

Oil Price Slump Catches Up with Wells Fargo Bank

Net income was off 5% at $3.7b

Kuwait Foreign Petroleum Accumulating Underwritten Debt

Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, said on Saturday it had received an additional $1.5 billion loan

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