China Development Bank
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ASORC, NBE Reach Agreement Over $10 M China Loan
Thursday, 5th April 2018
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.
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China’s Bank Ready to Finance Petroleum Projects in Egypt
Thursday, 2nd June 2016
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. -
National Bank of Egypt Receives $700m Loan from China
Sunday, 6th March 2016
The National Bank of Egypt (NBE) has received a $700m (EGP 5.5b) loan from the China Development Bank to finance infrastructure projects in energy and other sectors. -
Brazil’s Petrobras Secures $10b in Chinese Loan to Pay Debts
Tuesday, 1st March 2016
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 or to be repaid in cash.
Latest News
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Monday Minutes: Economic Snapshot
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El Molla Issues New Transfers
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Petroleum, Education Sign Technical Education Cooperation Protocol
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El Molla Inaugurates New Natural Gas Station on Cairo-Alexandria Road
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Loading ...| Commodity CMDTY | Units | Price | Change |
| Crude Oil (WTI) WTI | USD/bbl | 71.93 | +0.40% |
| Crude Oil (Brent) Brent | USD/bbl | 73.76 | +0.34% |
| NYMEX Natural Gas | USD/MMBtu | 3.19 | -0.81% |
| OPEC Basket Price | USD/bbl | 72.29 | -1.19% |
Last Modified June 21, 2021