China | Egypt Oil & Gas - Part 19
China to Loan $1.3b to Iranian Refinery
China has opened a line of credit, worth $1.3b, to finance the development of Abadan Oil Refinery, Iran’s oldest refinery in the southern Khuzestan Province.
Iran to Bring 5 Petchem Projects Online
Iran’s Head of National Petrochemical Company (NPC), Marzieh Shahdaei, said that five petrochemical projects are expected to go on stream by the end of the country’s current fiscal year in March 2017.
KSA Led Oil Exports to China, India
China's November crude oil imports from the Kingdom of Saudi Arabia (KSA) jumped 29.19% on a year earlier to 1.15mb/d. Saudi Arabia re-emerged as the top oil supplier to India during November with over 873,000b/d,
Egypt, China Signed $2.6b Currency Swap Deal
Egypt and China signed a currency swap deal for $2.6b. This enables Egypt to increase foreign reserves after the EGP devaluation.
PGPIC Seeks $1b to Expand Petchem Projects
Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) is in talks with Asian companies to raise $1.1b for an expansion scheme. China to Invest in Iran’s Petchem Catalysts Project
A Chinese company has expressed readiness to invest in Iran’s petrochemical catalysts project with a total investment of $400m,
West Africa Grew Crude Exports
West African top exporters reached a record high of 726.4mb total, in October, which is 45.45bm in total, higher than September, with Nigeria and Angola leading the charge.
Egypt, China to Swap Currency
Egypt reached a currency swap agreement with China valued at $2.7b, brining Egypt closer to achieving the conditions required to receive a $12b loan from the International Monetary Fund (IMF).
