Egypt | Egypt Oil & Gas - Part 396
Central Bank of Egypt Loans EGP 31b to National Banks
The Central Bank of Egypt (CBE) has provided a EGP 31b interest-free loan over 10 years to three major banks, including the National Bank of Egypt (NBE) getting EGP 5b, Banque Misr with EGP 16b, and Banque du Caire ...
Egypt, Russia to Finalize Dabaa Deal in 2016
Egyptian President, Abdel Fattah El Sisi, stated that final contracts for the Dabaa Nuclear Plant will be signed with Russia before the end of 2016, explaining that ongoing discussions are focused on the fine print.
Egypt’s Parliament Approves Loan Agreements
The Egyptian House of Representatives approved three funding agreement for various energy projects, with a combined value of $942m.
El Sisi: Egypt to End Its FX Exchange Problem
Egyptian President, Abdel Fattah El Sisi, stated that Egypt would end its dollar exchange rate problem, as the country can’t put off tough measures to revive the economy, while the UAE offer a $1b deposit to the Cent ...
El Molla: Egypt To Increase Oil,Gas Production
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated in a press release that Egypt is focusing on increasing the country’s strategic reserves and production in the oil and gas sector.
BESIX Orascom to Build $350m FSRU Pier in Ain Sukhna
Arab Petroleum Pipelines Company (SUMED) signed a contract with the Egyptian and Belgian consortium of BESIX-ORASCOM for the construction of a $350m pier and accompanying marine facilities in Ain Sukhna, in eastern E ...
Egypt’s PM Talks Expansion Plans with Apache
Egyptian Prime Minister, Sherif Ismail, met with the US oil and gas producer, Apache Corporation, to discuss the company’s plans to inject investments in Egypt during the coming period on new explorations.
Egypt Selects 4 Investment Banks for USD Bond Issuance
Egypt’s Ministry of Finance picked four banks to manage a dollar bond issuance, as the country plans to sell $3b to $5b in international bonds during the current fiscal year ending June 30 2017, with the first issuan ...
