ERC Seeks $80 M Loan from CIB

• Wednesday, 20th February 2019
• by Sarah Samir

The Egyptian Refining Company (ERC), Al Qalaa Holdings’ affiliate, seeks to obtain an $80 million loan from the Commercial International Bank (CIB) Egypt, Sources told Reuters. CIB is arranging the $80 million l...

Ministry of Petroleum Arrears Down by $2.8b

• Wednesday, 12th April 2017
• by Egypt Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the ministry has successfully reduced its arrears for the IOCs by $2.8b in the last three years, as dues reached around $6.3b by the...