The World Bank will grant the Egyptian Ministry of Petroleum a $200m loan. The amount is part of a $1b loan agreement recently signed by both parties, part of which is earmarked to pay dues to foreign oil companies.
Egypt and the Kuwait Petroleum Corporation (KPC) have signed an agreement to supply Egypt with up to 3m barrels of oil per month through September, as well as solar and jet-fuel supplies worth $1.2b annually.
Egypt and UAE have become close across the economic and political spheres over the past three years, Egyptian Petroleum Minister, Tarek El Molla said, as Cairo has been receiving a flow of broad support from the UAE ...
The Israeli government has approved gas exports to Egypt, while negotiations over the International Chamber of Commerce's arbitration ruling still have not been completed.
The Ministry of Electricity has sent an official letter to the Ministry of Finance requesting an extra EGP500m per month to be able to better pay its debts to the EGPC.