ASORC, NBE Reach Agreement Over $10 M China Loan

• Thursday, 5th April 2018
• by Sarah Samir

The Assiut Oil Refining Company (ASORC) signed an agreement with the National Bank of Egypt (NBE) on April 4th regarding a $100 million loan from China Development Bank, Egypt Oil & Gas reports. The original loan ...

China’s Bank Ready to Finance Petroleum Projects in Egypt

• Thursday, 2nd June 2016
• by Egypt Oil & Gas

After a meeting between the Minister of Petroleum and Mineral Resources, Tarek El Molla, and a delegation of China Development Bank (CDB), the bank expressed its readiness to finance petroleum Projects in Egypt. In ad...

National Bank of Egypt Receives $700m Loan from China

• Sunday, 6th March 2016
• by Egypt Oil & Gas

The National Bank of Egypt (NBE) has received a $700m (EGP 5.5b) loan from the China Development Bank to finance infrastructure projects in different sectors, Ahram Online reported. The loan will be invested in the en...

Brazil’s Petrobras Secures $10b in Chinese Loan to Pay Debts

• Tuesday, 1st March 2016
• by Egypt Oil & Gas

The integrated Brazilian energy company Petrobras has secured a $10b loan from the China Development Bank (CDB) in exchange for supplying petroleum to Chinese companies. The state-owned oil producer withers under the ...